Hong Kong revisits IPO rules after losing Alibaba

Global Business

ALIBABA IPO

As Chinese e-commerce giant Alibaba heads towards a possibly record-breaking IPO on the New York Stock Exchange, regulators in Hong Kong are rethinking the rules that caused the company’s founder to list in New York.

“Many people in Hong Kong do not want to see losing another listing like Alibaba,” GEO Securities CEO Francis Lun said. CCTV’s Cathy Yang reports.

Hong Kong revisits IPO Rules after losing Alibaba

Hong Kong revisits IPO Rules after losing Alibaba

As Chinese E-commerce giant Alibaba races towards a possibly record-breaking IPO on the New York Stock Exchange, regulators  in Hong Kong are seeking opinions from market participants on whether "weighted voting rights"where the company got delisted in 2012 and was declined for a second listing plan earlier this year. CCTV's Cathy Yang reports.