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HKEx Disputes Mainland Decision Barring Dual-Class Shares

Charles Li, chief executive of Hong Kong Exchanges & Clearing. Photo: VCG
Charles Li, chief executive of Hong Kong Exchanges & Clearing. Photo: VCG

The chief of Hong Kong’s stock exchange is heading to Beijing to urge that mainland regulators allow companies with weighted voting rights into the pool of equities eligible under China’s Stock Connect program.

Charles Li, chief executive of Hong Kong Exchanges & Clearing Ltd., told reporters Monday that Hong Kong-listed stocks with weighted voting rights would be allowed to access mainland investors through the Stock Connect program “sooner or later.” Li said he will take the issue to the Chinese Securities Regulatory Commission as he is scheduled to attend a meeting in Beijing on Tuesday.

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