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

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

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.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

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

   

Next In Business News

Oil falls on prospect of higher-for-longer US rates
Chin Hin taps Ajiya for two-year RM250mil loan
MI Technovation posts three-fold surge in net profit
Wellness a top priority
InNature diversifies into the F&B industry
Tolerance for a cheaper yuan may be temporary
Yinson’s RM16bil debt too big to ignore
Leap in operating income for UOB’s retail banking
Paramount emerges as major shareholder in EWI
China’s push for greener aluminium hit by erratic rains, power cuts

Others Also Read