More Flexibility, Higher Disclosure Expectations: What HKEX’s Competitiveness Review Phase 2 Means for Listed Issuers 

On 21 September 2026, The Stock Exchange of Hong Kong Limited (the Exchange) published a consultation paper on the second phase of its listing framework competitiveness review. This phase turns to the rules that apply after listing, proposing changes to how listed issuers handle notifiable transactions, connected transactions and spin-offs.  The direction is clear: give

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