Hong Kong Stock Exchange seeks market feedback to boost listing competitiveness

Reuters03-13 12:48
Hong Kong Stock Exchange seeks market feedback to boost listing competitiveness

March 13 (Reuters) - The Stock Exchange of Hong Kong Limited, a unit of Hong Kong Exchanges and Clearing (HKEX) 0388.HK, released a consultation paper on Friday, seeking market feedback on proposals to improve the listing competitiveness on the bourse.

The proposals aim to broaden the range of companies eligible for listing in Hong Kong, while maintaining high standards of investor protection, HKEX said.

Key measures include optimising the weighted voting rights (WVR) listing requirements, and enhancing the pathway for overseas listed issuers to list in Hong Kong, among other recommendations.

The initiative comes at a time when mounting tensions between Beijing and Washington have made U.S.-listed Chinese companies more vulnerable.

U.S. lawmakers last year targeted the largest U.S.-listed Chinese firms over securities concerns, fuelling discussions of Hong Kong positioning itself as a market to welcome these firms back home.

(Reporting by Sherin Sunny in Bengaluru; Editing by Sherry Jacob-Phillips)

((Sherin.Sunny@thomsonreuters.com;))

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