Charles Li Xiaojia, chief executive of Hong Kong Exchanges & Clearing (HKEX) at the HKEX Gold Futures Launch Ceremony at One and Two Exchange Square in Central in July. The HKEX has proposed the establishment of a new board on the city’s exchange which could allow companies with so-called dual-class stocks to raise capital in the city. Photo: SCMP/Jonathan Wong

Hong Kong stock exchange backs down on demand for third board to let start-ups raise funds

Hong Kong’s government has signalled it will abandon plans to set up a new board on the local bourse, instead asking the city’s regulators to amend existing listing rules to attract technology companies to raise capital here

Topic |   IPO

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Charles Li Xiaojia, chief executive of Hong Kong Exchanges & Clearing (HKEX) at the HKEX Gold Futures Launch Ceremony at One and Two Exchange Square in Central in July. The HKEX has proposed the establishment of a new board on the city’s exchange which could allow companies with so-called dual-class stocks to raise capital in the city. Photo: SCMP/Jonathan Wong
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