Daily Pulse: HKEX, SSE, SZSE Agree on Dual-Class Share Structure
Hong Kong Exchanges and Clearing (HKEX), Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) reached an agreement to launch a dual-class share structure for HK-listed companies under the Hong Kong Stock Connect. Companies such as Xiaomi [1810:HK] could benefit from such a change. In other news, The Shanghai Stock Exchange (SSE) announced to increase regulations in the Chinese bond market. Activities of bond issuers, their controlling shareholders and senior managers will be under SSE’s supervision. Once companies initiate the bond listing process on SSE, authorities will also monitor their performance. Today, A-share markets dropped. SHCOMP went down 0.82% to 2,584.58, SICOM decreased 1.41% to 7,624.86, and CSI 300 declined 1.16% to 3,144.76. ChiNext Price Index slipped 1.06% to 1,326.85. The Hang Seng Index plummeted 1.19% today to 25,752.38.