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HKEX narrows eligibility exemptions for state corporations issuing debt to professional investors

Recent market developments have prompted Hong Kong Exchanges and Clearing Limited (HKEX) to narrow the definition of state corporations that are exempted from the eligibility requirements for issuers of professional debt. HKEX had proposed to review and explore enhancements to Chapter 37 of the Main Board Rules — Debt Issues to Professional Investors Only (“Professional Debt Regime”). On 21 August…

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