Hong Kong exchange changes rules to bring in more tech IPOs

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The Hong Kong stock exchange's new rules follow years of debate over the city's listing requirements, which have been deemed "outdated" by critics.

NIKKI SUN, Nikkei staff writer

HONG KONG The Hong Kong stock exchange has changed its system for new listings to attract large technology and biotech companies to the exchange -- and away from the U.S. and mainland China.

Hong Kong Exchanges & Clearing, the market's operator, began accepting applications under the new plan on April 30, and the first batch of companies is expected to be listed as early as June.

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