The operator of the city’s stock exchange is open to the idea of setting up specialized listing boards, including one that would accommodate Alibaba’s shareholder structure, Hong Kong Exchanges and Clearing Ltd (HKEx) (00388.HK) chairman Chow Chung-kong said Monday.
The remark comes after the city’s top financial advisory group, the Financial Services Development Council, suggested last week that the stock exchange and regulators set up several new boards to make Hong Kong more attractive to potential listing candidates.
“Hong Kong is an international financial hub. We have to be very aware of market changes and demands. We have a very open attitude as to what to do in the future,” Chow said before celebrations to mark the exchange’s 14th anniversary.
He also said he hoped the consultation on specialized listing boards will begin as soon as possible in the second half. But he refused to comment on the possibility of Alibaba debuting in the city after its much anticipated listing in the United States.
Chow also said 215 market players have expressed interest in the “through-train” scheme between the stock exchanges of Hong Kong and Shanghai, with 117 saying they will be ready to join the cross-border Stock Connect scheme when it launches in October.
HKEx chief executive Charles Li also said the organization is open to talks about new listing boards to maintain Hong Kong’s competitiveness.
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