香港

Bourse chief urges HK to widen scope

The head of Hong Kong’s stock exchange has suggested the city dramatically widen the scope of an “emotional” review of its process for listing new companies — potentially offering regulators a way of dealing with the tricky issue.

The proposal comes as the Hong Kong Exchange celebrates a second year as the world’s largest new listings venue, despite growing criticism of the behaviour of its smaller stocks.

Charles Li , chief executive of the HKEx, yesterday suggested the city expand a current review of its listings process by adding an examination of its Growth Enterprise Market — broadly equivalent to London’s AIM exchange for smaller companies. Views could also potentially be sought on a new board designed to attract smaller start-ups.

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