The Hong Kong Stock Exchange (HKEX) currently has 90 active filings for initial public offerings. Of those, 18 issuer-hopefuls are being advised by Hong Kong and mainland China-based law firms only, giving Greater China-based firms a 20% market share for Hong Kong law advice, Law.com International research has found.
So far this year, 15 companies have listed on the HKEX and 46% of those issuers have engaged only Greater China-based law firms for legal representation and advice. In comparison, for all of 2023 when 73 companies listed on the HKEX, only 13 of the issuers were represented solely by Greater China-based firms.
