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HK moves towards dual-class shares to attract tech giants

Proposal comes as new wave of China companies comes closer to the stage of going public

Allowing shares with extra voting power is part of a package of measures released on Friday that may be the biggest change to the exchange's listing rules since 1993, when it allowed large Chinese enterprises to go public there.

Hong Kong

HONG Kong's stock exchange has proposed letting "innovative" companies list in the Chinese enclave with dual-class share structures to avoid losing out on more initial public offerings by technology giants like Alibaba Group Holding Ltd.