HKEx open to idea of specialised listing boards to stay competitive
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[HONG KONG] The operator of Hong Kong's stock exchange is open to the idea of setting up specialised listing boards, including one that would accommodate Alibaba's shareholder structure, Hong Kong Exchanges and Clearing Ltd (HKEx) chairman Chow Chung-kong said.
The remark comes after the city's top financial advisory group, the Financial Services Development Council, suggested last week that the stock exchange and regulators set up several new boards to make Hong Kong more attractive to potential listing candidates.
"Hong Kong is an international financial hub. We have to be very aware of market changes and demands. We have a very open attitude as to what to do in the future," Mr Chow said on Monday before celebrations to mark the exchange's 14th anniversary.
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