Listing Rules

Why New Yorkers could pay for acceding to Alibaba's 'Open sesame'

While Hong Kong regulators stuck to their principles on "one share, one vote", New York is happy to oblige Alibaba. Photo: Reuters

To understand why New York capturing the title of world's greatest financial centre is no cause for celebration, look no further than the Alibaba IPO.

Thursday, 20 March, 2014, 1:28am

Why changing GEM's listing rules may not attract giants like Alibaba

The Growth Enterprise Market was launched in 1999 in the hope it would become Hong Kong's answer to Nasdaq. Photo: Edward Wong

Brokers have called for the Hong Kong stock exchange to consider changing the listing rules on its Growth Enterprise Market to accommodate the special requirements of mainland companies such as e-commerce giant Alibaba.

11 Feb 2014 - 1:59am