Proponents of the structure say dual-class shares will take the capital markets in Asia to an entirely new level, but concerns over lapses in governance standards worry others
The introduction of dual-class shares in Hong Kong and Singapore has stirred something of a debate. There are those who support the new orthodoxy and those who are more skeptical. It is not difficult to assess the divide: broadly, the exchanges are supporters, while many asset managers are skeptics.
Hong Kong Stock Exchange (HKEX) CEO Charles Li has consistently presented a narrative that dual-class listing reform has been a top priority in order to secure the exchange’s position as a
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Andrew Holt
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