KUALA LUMPUR — The Securities Commission Malaysia (SC) and the Securities and Futures Commission of Hong Kong (SFC) today announced simplified regulatory procedures and submission arrangements to facilitate simultaneous listings in Malaysia and Hong Kong.
The Single Submission Arrangement operationalises the simplified dual initial public offering (IPO) listing framework set out in the Memorandum of Understanding (MoU) signed by the two regulators on July 23, 2026.
Under the arrangement, an applicant seeking a primary listing on either the Main Board of the Stock Exchange of Hong Kong (SEHK) or the Main Market of Bursa Malaysia Securities Bhd, together with a simultaneous secondary listing on the other market, is required to make only a single listing application submission using a single listing document.
The approach is expected to reduce regulatory duplication and compliance costs at the IPO application stage.
Key features of the simplified dual IPO listing framework include:
- Single listing document: Applicants may rely on one listing document to meet the statutory and listing requirements of both markets.
- Single application submission: Applicants seeking a simultaneous dual listing in Malaysia and Hong Kong may make a centralised, coordinated submission, eliminating the need for separate submissions in both markets.
- Dedicated dual-listing review teams: Both regulators have established dedicated teams and communication channels as direct contact points for applicants and their advisers, enabling coordinated regulatory oversight, active case management and seamless cross-agency handling throughout the listing process.
- Coordinated regulatory review: The SC, SFC and SEHK have established coordinated review processes to align timelines, minimise duplication and streamline queries to applicants.
SC Chairman Datuk Mohammad Faiz Azmi said the operationalisation of the framework reflected the strong regulatory partnership between the SC and SFC, as well as their shared commitment to promoting greater capital market connectivity.
“By streamlining regulatory processes and reducing duplicative submissions, this initiative will enhance access to cross-border fundraising opportunities and broaden investor reach.
“Connecting Malaysia with Hong Kong, the world’s third largest global financial centre, will further strengthen the attractiveness of both markets as investment destinations,” he said.
SFC Chief Executive Officer Julia Leung said the arrangement was a timely follow-up to the MoU and would deepen regional capital market connectivity.
“By establishing a clear, accessible pathway and harmonised regulatory processes, we enable businesses in both markets to reach more diverse international investors and deeper pools of capital, while preserving robust investor protection,” she said.
To support the new arrangement, the SC has published the Guidance for Listing of Hong Kong Companies on the Main Market of Bursa Malaysia Securities Bhd, while the SFC has issued a Circular on the Single Submission Arrangement for Dual Listings in Hong Kong and Malaysia.
Applicants may also refer to the Explanatory Note on Malaysia-incorporated Company’s Compliance with Core Shareholder Protection Standards and Other Matters issued by SEHK, as well as other related guidance materials available on the SC and SEHK websites.
Applicants and their sponsors or advisers are encouraged to consult the SC, SFC or SEHK, as appropriate, before submitting a listing application to discuss the proposed transaction structure and indicative timetable.
The SC’s dedicated team for Malaysia-Hong Kong dual listings can be contacted at HK-Malaysia-duallistings@seccom.com.my, while the SFC’s team can be reached at HK-Malaysia-duallistings@sfc.hk.
