(Yicai Global) Dec. 4 -- The Hong Kong Exchanges and Clearing has admitted that it is exploring how to shorten the time needed to apply for an initial public offering.

The HKEX's new process is still in the early stages, Securities Daily reported, citing the bourse operator.

The HKEX is planning to change its IPO process so that firms can float their shares in two days after deciding the price, Securities Times reported yesterday, citing an anonymous insider. The new policy may be launched by the end of next year, the person added. 

Editor: Emmi Laine