RWI Response and Commentary: Cover Letter (pdf) 
The Hong Kong Stock Exchange recently sought formal comments on proposals to improve disclosure requirements for extractive companies. Revenue Watch has submitted its responses to the proposals, which represent a significant step in the exchange's effort to align its rules with international standards.
In its "Consultation Paper on New Listing Rules for Mineral and Exploration Companies," the HKEx proposes changes to the reserve estimate process, along with a range of new disclosure obligations. Commendably, the proposals also seek to increase company disclosures on social and environmental risks, impacts and compliance. With these and other suggested changes, the HKEx has the chance to set a global example for stock exchanges, none of which currently endorses similar disclosures on environmental and social standards.
In our commentary, RWI encourages HKEx to formalize these standards as part of their listing requirements, and also to consider more robust standards for revenue transparency.
LEARN MORE
- RWI Commentary: Consultation Paper on New Listing Rules for Mineral and Exploration Companies (pdf)
- Consultation Paper on New Listing Rules for Mineral and Exploration Companies (Hong Kong Exchanges and Clearing Limited)
