HKEx has too many The Hong Kong Exchange (HKEx) and Securities and Futures Commission's (SFC) disagreement on weighted voting rights (WVR) has highlighted the problem of having dual securities regulators. It's time for Hong Kong to follow major markets, such as the US, and move regulatory duties entirely to the SFC. On June 19 HKEx announced the conclusions to its concept paper on WVR, and revealed that it would release a formal consultation on amending the Listing Rules. It stipulated that companies with WVRs would have to meet certain eligibility and corporate governance standards, as well as meet size requirements.
July 07 2015