On April 22, 2022, the Hong Kong Stock Exchange published an information paper (the “Information Paper”) outlining the consequential amendments to the Rules Governing the Listing of Securities on the Exchange following the new requirements of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission issued by Securities and Futures Commission on bookbuilding and placing activities and sponsor coupling (the “New Code Provisions”). The Listing Rules amendments (the “Rule Amendments”), as well as the New Code Provisions, are due to take effect on August 5, 2022, with transitional arrangement in place as further elaborated in this article. The Information Paper was accompanied by a frequently asked question (FAQ No. 077-2022, “FAQ”) , providing practical guidance on these Rule Amendments.