Hong Kong’s stock exchange operator has proposed a bold capital market reform, accepting so-called dual-class share structures that allow entrepreneurs to retain voting power in their companies even after selling most of its economic value.
The controversial stock structure sparked months of fierce debate among the financial community. But with the proposed rules coming into effect as soon as next year, FinanceAsia takes a look at what changes the new structure could bring to Hong Kong.
Some of these changes will be seen as positive and some are undoubtedly negative. In either case, the investment community should be prepared for a changing environment.
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