Hong Kong Exchanges and Clearing (HKEX), which manages one of the world’s largest stock markets by market capitalization, has launched a consultation designed to make the city’s bourse more attractive to would-be listers while unveiling new measures to enhance corporate governance.

Last Thursday, HKEX launched a consultation to optimize the city’s regulatory framework for initial public offerings (IPOs). HKEX hopes the consultation will make Hong Kong's securities market more competitive and encourage more firms to list there.