Hong Kong is launching a tailor-made scheme which will facilitate listings of tech and biotech firms, as the city tries to strengthen its position as a premier listing platform for emerging and innovative companies.

In a joint statement, the Securities and Futures Commission (SFC) and the Hong Kong Stock Exchange explained the scheme enables these specialist firms to confidentially file initial public offering applications.

They explained such firms are usually in their early stage of development, and any premature disclosure of their operational strategies or proprietary technologies may pose "heightened risks" for them.

Under the dedicated Technology Enterprises Channel, a specialised team from the Stock Exchange will guide prospective firms when they prepare for applications, and help them understand listing rules.

Meanwhile, Hong Kong Exchanges and Clearing, which operates the stock exchange, has also updated its guide so that potential companies meeting certain requirements can seek listings with a weighted voting rights structure.

The new scheme came as part of the SAR's efforts to boost fundraising activities amid growing appetite among mainland firms to raise funds offshore.