The end of an era, as floor trading ended at the Hong Kong stock exchange on October 27, 2017. All floor traders gathered alongside executives of the Hong Kong Exchanges & Clearing Limited to mark the ceremony. Photo: SCMP/Edward Wong.

Why did Hong Kong replace our ‘One Share, One Vote’ principle for dual-class stocks?

With all these tech and “new economy” IPOs in Hong Kong, I can’t think of a single, defensible reason for scrapping our “One Share, One Vote” principle.

Topic |   IPO

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The end of an era, as floor trading ended at the Hong Kong stock exchange on October 27, 2017. All floor traders gathered alongside executives of the Hong Kong Exchanges & Clearing Limited to mark the ceremony. Photo: SCMP/Edward Wong.
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