BUSINESSWEEK ONLINE : AUGUST 30, 1999 ISSUE
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INTERNATIONAL -- ASIAN BUSINESS

The Rules at the New Exchange


LISTING REQUIREMENTS
Company must be in operation for two years but does not need to have a record of profitability. Stock Exchange of Hong Kong requires $6.5 million profits over three years and three years in business.

DISCLOSURE
Twice a year, companies must compare their performance to plans announced at time of listing. Financials must be published 45 days after the end of each quarter. On the main Hong Kong board, companies post financials twice a year and don't need to publish comparisons.

CORPORATE GOVERNANCE
Audit committees and compliance offers are mandatory. Investment banks must monitor companies two years after they help them list. Hong Kong exchange has no such requirements.


DATA: GROWTH ENTERPRISE MARKET


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RELATED ITEMS
Hong Kong: A Bourse of Their Own (int'l edition)

TABLE: The Rules at the New Exchange



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