This project will review the material differences between major Hong Kong and PRC laws and regulations concerning key aspects of listing requirements and post-IPO corporate governance practices. The project will study practical consequences and implications of the rule gap from the issuer’s perspective by highlighting ‘areas of concern’ in compliance which have recorded higher incidence of violation/non-compliance, deviation, and sub-standard compliance due to discrepancies or conflicts of rules. Where appropriate, recommendations for proposed future reform to the existing framework of cross-border regulation will be provided. The project will also contemplate possible ways or methods of reducing regulatory gaps, and their feasibility in the immediate, mid and long term.