Hong Kong stock exchange’s new regime permitting companies with dual-class shares to list came into effect on April 30. We asked four experts about the pros and cons of this change.
Instead of a joint SFC-HKEx committee to rule on listings and develop policy, itself a compromise, investors are left with a consultative panel that lacks any formal powers.
The Hong Kong Investment Funds Association is firmly against stock exchange proposals to allow dual-class share structures. But asset managers are divided on the issue.
The Korean firm's head of ETF strategy said the asset manager's expectations had not been high for its first leveraged and inverse products in Hong Kong, as it moves to delist them.
More and more institutions are entering the mainland debt market and a trading pattern is emerging, as the Bond Connect scheme and wider index inclusion loom closer.
The long-awaited trading link received approval yesterday and is set for launch in December with no aggregate volume limit and exchange-traded funds to be included next year.