Should HKEx Allow Weighted Voting Rights? (10 July 2015)

Asia-Pacific Structured Finance Association (APSA)
Asian Institute of International Financial Law (AIIFL)
and
Hong Kong Research Grants Council Theme-based Research Scheme Project: “Enhancing Hong Kong’s Future as a Leading International Financial Centre”

APSA and AIIFL 2nd Roundtable Luncheon Discussion

Should HKEx Allow Weighted Voting Rights?

10 July 2015 (Friday)
12:00 noon – 2:00 pm
Clifford Chance, 27th Floor, Jardine House
One Connaught Place, Hong Kong

Admission:

The discussion was conducted in English and did not open to the media.

About the Roundtable Luncheon Discussion

The failed attempt by Alibaba to list on the SEHK, and its subsequent successful listing in New York as the world’s largest IPO has prompted a debate as to whether HKEx should allow companies with weighted voting rights structure to be listed on its exchange, and caused the HKEx to issue a concept paper on this issue. Whilst we await the consultation conclusions from the HKEx, this roundtable invites fellow leading practitioners and academics in Corporate Governance, Finance and related fields to discuss the concept paper and to make suggestions on how HKEx should move forward, and what arrangements could help solidify Hong Kong’s position among international financial centres. These suggestions could have important implications for Hong Kong.

Specifically, the following areas were discussed:

Opening Remarks:

Susie Cheung, Co-Convenor of the Asia-Pacific Structured Finance Association, and General Counsel and Company Secretary of The Hong Kong Mortgage Corporation Limited (HKMC)

Closing Remarks:

Pius Chong, Co-Convenor of the Asia-Pacific Structured Finance Association, and Managing Director, Head of Transaction Management, Capital Financing Asia Pacific, Global Banking and Markets of HSBC

Moderator:

Professor Say Goo, Professor of Law at The University of Hong Kong

Roundtable discussion:

Anthony Neoh, QC, SC, former Chairman of the Hong Kong Securities and Futures Commission
Gerard Fehrenbach, Acting Secretary General, Asian Corporate Governance Association
Maurice Ngai, President of The Hong Kong Institute of Chartered Secretaries

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