Caixin
Jul 19, 2018 07:59 PM
FINANCE

China Bourses Rethink Dual-Class Stock Trading Ban

The headquarters of Hong Kong Exchanges and Clearing Ltd. is seen in Hong Kong on April 30. Photo: VCG
The headquarters of Hong Kong Exchanges and Clearing Ltd. is seen in Hong Kong on April 30. Photo: VCG

Chinese investors may get their chance to buy shares in smartphone maker Xiaomi Corp. after all, following talks between the two mainland bourses and the Hong Kong Stock Exchange on Wednesday.

Under a deal agreed by the three parties and announced by Hong Kong Exchanges and Clearing Ltd. (HKEx), which operates the city’s stock exchange, a plan will be put together that will allow mainland investors trading Hong Kong-listed shares via the Stock Connect program to eventually access companies with weighted voting rights (WVRs), also known as dual-class shares.

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