Glonghui, December 11 | Hong Kong's small brokerage firms and advisors have formed a union-like association to urge more support from the government at a time when Hong Kong is experiencing a shortage of initial public offerings and declining transactions. The association, which consists of 29 small brokerage firms and advisors, was formally established this Tuesday to push regulators to relax strict control over the listing of small market capitalization stocks in Hong Kong. According to the data, the Hong Kong GEM market gradually shrank after a peak in listing in 2017. In 2021, only one Hong Kong SME was listed on the Hong Kong GEM (GEM), and none of the companies went public in 2022 and 2023. By contrast, Hong Kong's SMEs prefer Nasdaq. Since 2021, at least 19 Hong Kong companies have listed on the Nasdaq.
近年香港中小企业在纳斯达克和GEM上市数量对比
Comparison of the number of Hong Kong SMEs listed on Nasdaq and GEM in recent years
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