HKSFCHong Kong Securities and Futures Commission
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To this end, the main supervisory bodies, the HKSFC and the SEHK, have elaborated a "Code of Best Practices" as part of the Stock Exchange Listing Rules.
In reference to exchanges in China, the HKSFC Deputy Chairman stated in an interview for this study: "We need a good corporate governance structure, which unfortunately has not yet been established." In another interview, an aviation industry analyst at Nomura Securities in Hong Kong stated that for both airlines, "transparency is much better after IPO, and public relations are also better.
Consideration of HKD 4m has been paid, HKD 24m is due within 7 business days of the HKSFC approval with any balance being paid on completion.