Lei Jun, founder and CEO of Xiaomi, gives a thumbs up sign at the company’s listing ceremony at the Hong Kong stock exchange. The smartphone maker in June became the first dual-class shares structure firm to launch its IPO following the HKEX’s listing reform. Photo: Sam Tsang

CFA Institute urges safeguards for ordinary investors in Hong Kong companies with dual-class share structure

CFA Institute recommends a mandatory “time-based sunset” where super voting rights collapse to regular shareholder voting rights five years after an IPO, to protect investors from a lack of control in their shares

Topic |   HKEX

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Lei Jun, founder and CEO of Xiaomi, gives a thumbs up sign at the company’s listing ceremony at the Hong Kong stock exchange. The smartphone maker in June became the first dual-class shares structure firm to launch its IPO following the HKEX’s listing reform. Photo: Sam Tsang
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