許正宇:冀明年就活化創業板提出具體建議
財經事務及庫務局局長許正宇回答議員提問時表示,《施政報告》提出由港交所(00388.HK)構思活化創業板(GEM),港交所已在上市委員會下成立專責小組,檢討GEM的功能和定位。有關工作涉及多個層面,例如發掘適合透過股票市場融資但未能達到主板或現時GEM上市門檻的潛在發行人來源;評估潛在發行人來源的市場吸引力和流動性,即是否能夠吸引投資者持續持有及買賣有關股票;研究提升現時股票的流動性;考慮相關風險管控措施等。
另一方面,他指港交所亦積極參考各地類似市場的經驗,包括近年內地的中小型及創新企業融資平台,即上海證交所科創板、深圳證交所創業板和北京證交所的發展。港交所正與不同持份者接觸、聆聽意見,對各項議題不會有既定立場,並會在充分了解市場需求和考慮相關風險後,期望在明年內提出具體建議,並進一步諮詢市場。
此外,對於不少上市公司近年受疫情影響導致收入銳減、業務持續虧損或擴展計劃受阻,因此未能符合《上市規則》中有關「經營的業務須有足夠的業務運作」的規定,有機會被港交所停牌或除牌,許正宇指出,在執行有關條文時,港交所會按發行人的個別情況作出全面評估。若發行人的業務只是由於市況而出現暫時性的縮減或暫停,將不會被視為違反上市規則。
他補充,雖然認為仍有必要繼續透過相關規則保持市場質素和保護投資者的利益,但因應疫情可能對部分停牌發行人的復牌進度帶來影響,若發行人由於疫情出現特殊情況,港交所將會按個別情況考慮作彈性處理。
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