HKEX's GEM Revamp: A Cautionary Tale of Market Manipulation?
The Hong Kong Exchanges and Clearing (HKEX) is considering a merger between its Growth Enterprise Market (GEM) board and the main board, which would create a new chapter listing rule for over 300 firms currently listed on GEM.
This proposal has sparked debate about the future of HKEX's second board, which has struggled to attract new listings and turnover.