HKEx's latest plan for dual listings draws fire

After months of debate proposes allowing pre-revenue innovative companies with dual-class structures to list in the city. Investor have expressed concern.
Seeking start-ups: Hong Kong plans to change its rules on dual-class shares for 'new economy' companies
Seeking start-ups: Hong Kong plans to change its rules on dual-class shares for 'new economy' companies

Hong Kong Exchanges and Clearing HKEx has proposed allowing 'new economy' companies that are yet to generate profit to list dual-class shares on its main board in Hong Kong, sparking accusations the bourse's desire to attract more business could raise risks for investors and undermine the principles of responsible shareholding being touted by the territory’s financial regulator.

The exchange operator said on Friday December 14 that it planned to expand the city's listing regime to facilitate listings of companies from emerging and innovative sectors as a conclusion to the New Board Concept Paper published on June 16, 2017. The paper had proposed setting...

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