Revenue Watch Institute Press Release on New Hong Kong Stock Exchange Regulation

“On June 3, the Hong Kong Stock Exchange (the HKEx) will put into effect new disclosure rules for mineral companies, marking a significant step forward in the global campaign to establish greater transparency and accountability in the extractive industries.

In addition to changes that will improve the general standard of reporting for companies listed on the HKEx, the revised rules require applicants to the exchange to include in their listing request additional information that should result in significantly more detail—furnished country-by-country—on tax, royalty and other payments to host governments. Companies would also be required to provide material information on other important social and environmental issues, liabilities, and mitigation practices.

These changes could offer significantly more data to transparency campaigners, investors, and stakeholders in resource rich countries.”

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