The Single Submission Arrangement brings into operation the simplified dual IPO listing framework set out in the Memorandum of Understanding (MoU) signed by the two regulators on 23 July 2026.

Under this arrangement, only a single listing application submission with a single listing document is required of 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 Berhad, together with a simultaneous secondary listing on the other market.

This approach is expected to reduce regulatory duplication and compliance costs at 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 submit a listing application through a centralised, coordinated submission, removing the burden of separate submissions in both markets.
• Dedicated Dual-Listing Review Teams: Both regulators have established dedicated teams and communication channels to serve as direct contact points for applicants and their advisers. This ensures coordinated regulatory oversight, active case management and seamless cross-agency handling throughout the listing process.
• Coordinated Regulatory Review: The SC, SFC and the SEHK have established coordinated review processes to align timelines, minimising duplication and streamlining queries to applicants.

SC Chairman Dato' Mohammad Faiz Azmi said, "The operationalisation of this framework reflects the strong regulatory partnership between the SC and the SFC, as well as our 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 added.

"This timely follow-up to our landmark MoU crystallises our shared vision to deepen regional capital market connectivity for mutual prosperity," said Ms Julia Leung, Chief Executive Officer of the SFC.

"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 set out the new arrangement, the SC has published the Guidance for listing of Hong Kong companies on the Main Market of Bursa Malaysia Securities Berhad, while the SFC has issued a Circular on the Single Submission Arrangement for Dual Listings in Hong Kong and Malaysia.

Applicants may refer to said Guidance, Circular as well as the Explanatory Note on Malaysia-incorporated Company’s Compliance with Core Shareholder Protection Standards and Other Matters issued by SEHK and other related guidance materials available on SC and SEHK websites.

Applicants and their sponsors or advisers are encouraged to consult the SC, SFC or the SEHK, as appropriate, before formally submitting a listing application to discuss proposed transaction structure and indicative timetable.

The SC’s dedicated team for Malaysia-Hong Kong dual listings may be contacted at [email protected] while the SFC’s team may be contacted at [email protected].