Zhitong Finance App learned that Chen Yiting, CEO of the Hong Kong Stock Exchange (00388.HK), said that the Hong Kong Stock Exchange is carrying out the second phase of consultation to enhance the competitiveness of the listing mechanism. The proposal is to optimize the requirements for transactions, connected transactions and spin-offs that must be announced, reduce compliance costs, and increase the flexibility of mergers and acquisitions, restructuring and business spin-offs of listed companies. In the future, consultations will be conducted on optimizing the listing system for specialty technology companies and GEM.

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