Rumor has it that Xiaoma and Citibankers will join the Hong Kong Stock Exchange Listing Committee to approve the IPO

Zhitong Finance App learned that at present, Hong Kong regulators are stepping up their scrutiny of the quality of IPOs. According to media reports quoting sources, Nelly Pai (Nelly Pai), head of Hong Kong IPO and corporate finance at J.P. Morgan Chase, and Alexander Schrantz, managing director of Citigroup, were nominated as members of the Hong Kong Stock Exchange Listing Committee to approve the IPO.

According to reports, the two new members will succeed HSBC's CLARK Stephen John (CLARK Stephen John) and Morgan Stanley's Terence Keyes. They both took office on July 10, 2020 and stepped down after their six-year term expires.

People familiar with the matter revealed that Keith Choy (Keith Choy), senior director of the Intermediary Agency Supervision Division of the Hong Kong Securities Regulatory Commission, will also join the committee.

The Hong Kong Stock Exchange declined to comment on this appointment, but emphasized that experienced industry participants are welcome to join the committee and will announce any changes in due course.

According to the official website of the Hong Kong Stock Exchange, the Listing Committee is both an independent administrative decision-making organization and a consulting organization. Responsibilities include overseeing the Listing Division, providing policy advice on listing matters to the Hong Kong Stock Exchange, making important decisions on listing applicants, listed issuers and individuals involved, and acting as a review authority. The committee consists of bankers, auditors, lawyers, and investor representatives, and the Chief Executive Officer of the Hong Kong Stock Exchange serves as an ex tempore member.

According to the 2025 Listing Committee Report published by the Hong Kong Stock Exchange, in 2025, the Listing Committee reviewed 133 listing applications and heard 26 disciplinary cases and 15 review cases.