China-Hong Kong discuss inclusion of dual-class shares in stock connect


On Monday, Hong Kong Exchanges & Clearing chief executive Charles Li(pic) said he was flying to Beijing to discuss the rule change with mainland authorities.

HONG KONG: The Hong Kong stock exchange said on Wednesday it has agreed with China's mainland stock exchanges to work towards the inclusion of weighted voting right companies in the stock connect scheme that links mainland exchanges with the Asian financial hub.

The announcement came after China's stock exchanges said on Saturday they would not expand their stock connect scheme with Hong Kong to foreign firms, companies with different voting right structures and so-called "stapled" securities.

On Monday, Hong Kong Exchanges & Clearing chief executive Charles Li said he was flying to Beijing to discuss the rule change with mainland authorities. - Reuters

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Hong Kong , China , exchange , HKEX , dual-class , stock connect ,

   

Next In Business News

Decarbonising cement: Are we ready?
After a homeowner passes
A stinky nuisance: When septic tanks burst
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Building a firm facade
Portfolio positioning under Trump era
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Sapura Energy ‘in a good place now’

Others Also Read