Lowered Listing Threshold Boosts Competitiveness; Xu Zhengyu: Welcoming East Rising, West Declining

SighingCashier · 2026-03-15T19:18:03+00:00

The Hong Kong Exchanges and Clearing (HKEX) plans to reform its listing mechanism to enhance competitiveness. It proposes to relax the "dual-class share structure" listing requirements, allowing enterprises with a market value of HK$40 billion to increase voting rights to one share with 20 votes. Xu Zhengyu pointed out that this move aligns with global market developments and will attract investor attention to the Hong Kong market.

SighingCashier

2026-03-15 19:18:03

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March 16, 2026

Broadening listing thresholds to enhance competitiveness. Xu Zhengyu: Embracing the rise of the East and the decline of the West

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Hong Kong Exchanges and Clearing (00388) is planning a series of reforms to improve the competitiveness of its listing mechanism. It recommends relaxing the “Weighted Voting Rights” (WVR) listing requirements, including allowing companies with a market value of HKD 40 billion or more at the time of listing to have a higher ratio of different voting rights, up to 1 share with 20 votes. Financial Secretary Xu Zhengyu pointed out that these financial reforms, aligned with global developments and the “rise of the East and the decline of the West,” are attracting global investors’ attention to Hong Kong. He further said that the reforms…

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