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HK plan for new listing board for tech startups runs into uncertainty

Govt urges regulators to first put in place "adequate safeguards" for investors

Published Tue, Oct 24, 2017 · 09:50 PM
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Hong Kong

A CLOUD of uncertainty hangs over Hong Kong's plan to float a new listing board to lure technology startups, with the government asking regulators to review their plans and put in place "adequate safeguards" for investors first.

Hong Kong Exchanges and Clearing Ltd (HKEX) unveiled a proposal in June for the board that would allow companies with share structures providing special voting rights, and let firms that have not yet made a profit get listed.

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