September 5, 2017 / 2:40 AM / 10 months ago

Hong Kong needs new ways to lure more tech listings-HKEX CEO

HONG KONG, Sept 5 (Reuters) - Hong Kong needs to find new ways to attract new economy companies to stay competitive, Charles Li, chief executive of bourse operator Hong Kong Exchanges & Clearing, told Reuters on Tuesday.

In June, HKEX started a consultation on the launch of a third board that could allow companies to list with dual-class share structures and would target “new economy” companies in sectors such as internet and bio-tech.

Public consultation ended last month, with financial industry professionals still divided over the matter.

The HKEX chief, speaking at a Reuters Newsmaker event in Hong Kong, also said he saw a breakthrough in international capital raising in Hong Kong by companies once primary stock connect was allowed. (Reporting by Pete Sweeney; Writing by James Pomfret; Editing by Stephen Coates)

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