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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Laura He

Laura He

Before joining the Post, Laura worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.

Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.