The retreat by the SFC from taking a frontline role in approving new listings means HKEX (Hong Kong Exchanges and Clearing) and the listing committee can continue to share the task. Photo: Reuters

Securities watchdog’s retreat on new share listings paves way for dual-class shares

The lack of a dual-class option in Hong Kong is largely credited with Alibaba’s opting for Wall Street to list in 2014

TOP PICKS

The retreat by the SFC from taking a frontline role in approving new listings means HKEX (Hong Kong Exchanges and Clearing) and the listing committee can continue to share the task. Photo: Reuters
READ FULL ARTICLE