Definition
The bank that receives application money for the public offering. When applicants apply through the white form or through brokers, the money is collected by the receiving banks, and the portion not allotted is refunded after allotment. The prospectus names the receiving banks.
Category
Intermediaries

Basis

The links above lead to official sources such as HKEX and the SFC. The explanation on this site summarises them and may differ from the official definition; the official documents prevail.

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This page explains the HK IPO term "Receiving Bank" and links to related terms. Definitions are compiled from HKEX Practice Note 18 and the Listing Rules, for understanding subscription rules only — not investment advice.

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