Hong Kong Exchanges and Clearing Limited (HKEX), the operator of the world’s third-largest stock market, said it plans to extend its 2018 rule change to attract more listed companies to raise funds in the city via secondary listings, in a move that’s likely to spur an exodus of Chinese companies from the United States.The bourse plans to allow companies with corporate shareholders of so-called weighted voting rights (WVR) to raise funds, according to an announcement by the exchange. That would…



READ SOURCE

READ  Hong Kong democracy activist arrested 'as he went to claim asylum at US consulate'

LEAVE A REPLY

Please enter your comment!
Please enter your name here