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© Reuters. FILE PHOTO: A banner selling Shenzhen-Hong Kong Inventory Join is displayed on the Hong Kong Exchanges in Hong Kong August 16, 2016. REUTERS/Bobby Yip
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BEIJING (Reuters) – Twin-class shares, which have transformed to main listings in Hong Kong, might be included within the cross-border Inventory Join scheme, Shanghai and Shenzhen inventory exchanges mentioned on Saturday, doubtlessly channeling recent cash into eligible shares.
The Inventory Join is an funding channel that connects the Hong Kong, Shanghai, and Shenzhen inventory exchanges.
In a press release, the bourses gave the instance of Shanghai-based video platform Bilibili (NASDAQ:) Inc., whose shares are listed in the USA and Hong Kong.
After the corporate transformed its secondary itemizing in Hong Kong to a main itemizing on Oct. 3, its shares might be added to the Southbound leg of the Join scheme as quickly as March, in the event that they meet sure circumstances, the bourses added.
A rising variety of China’s dual-class corporations, together with e-commerce large Alibaba (NYSE:) Group and fast-food restaurant chain operator Yum China Holdings (NYSE:), even have utilized to transform their secondary listings in Hong Kong to main ones.
Twin-class shares give larger voting rights to firm founders over particular person buyers.
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