Our Ref: SN/3
23 March 2018
Mr Charles Li
Hong Kong Exchanges and Clearing Limited
12/F, One International Finance Centre
1 Harbour View Street
Central, Hong Kong
Dear Mr Li,
Consultation on a Listing Regime for Companies from Emerging and Innovative Sectors
The Hong Kong General Chamber of Commerce welcomes the opportunity of commenting on the Consultation on the Hong Kong Exchanges and Clearing Limited’s proposed listing regime for Emerging and Innovative Companies (“the CP”). We are pleased to attach for your consideration our comments in response to the CP’s proposals.
In general, we welcome the proposal to broaden capital market access in Hong Kong and strengthen Hong Kong’s listing regime by allowing the listing of companies with weighted voting rights, an issue that our comments are mostly confined to. In addition to ensuring that the new listing conditions serve their intended purpose of attracting quality issuers from the emerging and innovative sectors, fairness and investor protection are also of paramount importance. There should therefore be efforts to promote understanding and awareness among investors on the risks associated with investing in such companies.
We hope you will find our comments useful to your deliberations.
cc: Corporate and Investor Communications Department, Hong Kong Exchanges and Clearing Limited
Response by Hong Kong General Chamber of Commerce (“HKGCC”) to the Consultation Paper by Hong Kong Exchanges and Clearing Limited (“HKEX”) on “A Listing Regime from Companies from Emerging and Innovative Sectors” (the “CP”)
HKGCC welcomes this opportunity to comment on the CP. Our comments (as with our comments on HKEX’s previous consultation papers on this subject) focus on the subject of the proposed relaxation of the listing rules to permit the admission to listing of companies with weighted voting rights (“WVR”). Our comments are as follows:
 CP para 16.
 CP para 106.
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