Select Page


Likely Cost of Submission

The cost of listing on the either the Main Board of the or the GEM of the HKEX will differ according to factors such as the company’s size, the amount of funds to be raised, the nature of the listing (i.e. primary, secondary or backdoor listing), and the company’s jurisdiction of incorporation.

A listing involves both indirect and direct costs.

Indirect costs may include:

  • Absorption of management and staff time by the listing process;
  • The efforts of any necessary restructuring; and
  • Discount on the sale of shares at the listing.

Direct costs may include:

  • Underwriting commissions (usually this is the biggest component of the total listing costs);
  • Professional service fees (e.g. fees of sponsor, legal advisers, reporting accountants, property valuers, translators etc.); these depend on the amount of work required to comply with the regulations and properly communicate the issuer’s value;
  • Share certificates;
  • Fees of registrar and receiving banks;
  • Publicity costs (road-show, announcements, public relations materials and printing etc.); and
  • Fees charged by the HKEX (initial listing fee and trading fee) (see below).

Listing Fees

Initial listing fees

The initial listing fee payable on the application for listing (usually on submission of the listing application form) of equity securities ranges from HK$150,000 where the value of the shares to be listed is less than HK$100 million to HK$650,000 where the value of the shares to be listed exceeds HK$5 billion.

On a transfer of listing from GEM to the Main Board, the new applicant pays an initial listing fee at a 50% discount to the fee that would otherwise be payable. For secondary listings, the new applicant pays an initial listing fee at a 75% discount to the applicable fee.

Annual listing fee

An annual listing fee (payable in advance in one instalment) is required to be paid by the issuer with reference to the nominal value of the shares listed or to be listed on the HKEX. The annual fee ranges from HK$145,000 for shares with a nominal value of less than HK$200 million to HK$1,188,000 for shares with a nominal value exceeding HK$5 billion.

Other fees

In addition to the above, subsequent issue fees, transaction levies on new issues, trading fees on new issues, brokerage fees and other trading fees and levies may be payable in respect of the listing or subsequent events.

Read our latest News

Platinum demand increases

Zijin Mining invests in lithium

NATURAL RESOURCES News Zijin Mining, one of China’s largest gold and copper producers has acquired Neo Lithium Corporation for $770 million in a bid to carve out a stable supply chain for the future. This comes as the latest in a slew of...

Platinum demand increases

Price of steel rapidly increasing

NATURAL RESOURCES News The lack of supply for steel has US companies scrambling to produce cans, metal desks and filing cabinets, Peloton bikes and cars as prices have shot up to $1940 a ton this September compared to $560 for both 2019...

Platinum demand increases

Financial institutions adopt IPCC targets

NATURAL RESOURCES News Shying away from the International Energy Agency’s ‘Net Zero by 2050’ plan, which bars committed companies from operating new fossil fuel exploration projects this year, most banks have chosen to follow the...

Platinum demand increases

China increases local coal production

NATURAL RESOURCES News As the United Nation’s COP26 climate conference looms, President Xi Jinping has won international praise for promising that China’s peak carbon emissions would peak before 2030, and the country would achieve carbon...

Platinum demand increases

Exploration tech backed by billionaire

NATURAL RESOURCES News KoBold Metals (“KoBold”), an exploration company which discovers materials critical for the electric vehicle and renewable energy revolutions has partnered with BHP to search Western Australia for metals and critical...