Charles Li Direct 
08/04/2014 
 

Charles Li Direct

A clarification


 

I released a blog yesterday on questions surrounding weighted voting shares and saw a lot of discussion about the issue today.  Unfortunately there was some confusion in some of the media reports about the purpose of the blog, particularly about the example citing HKEx's shareholding structure.

The Hong Kong SAR Government's right to appoint up to six non-executive directors is enshrined in the Securities and Futures Ordinance.  This power stems from the law and was carefully considered by the Administration and lawmakers.  The very purpose of this measure is to uphold the public interest and it is not related to whether the Government has a shareholding in HKEx.  When I used HKEx as an example in my blog, what I wanted to demonstrate is when there are very good reasons, there are exemptions to the application of "one share, one vote".  On further reflection, it may not have been the best example.

The primary purpose of my blog was to spur the market to debate important issues about the future of Hong Kong's financial market.  This involves asking difficult questions and working together to find the best answers.

 


 

Share your thoughts with us. Email: ceo@hkex.com.hk

Recent Posts

 
A clarification
(08/04/2014)
 

Are we asking the right questions about weighted voting rights?
(07/04/2014)

 
HKEx: Prepared for Greater RMB Volatility
(09/03/2014)
 
Clearing the air on circuit breakers
(13/02/2014)
 
OTC Clear: Building out a new asset class
(25/11/2013)
 
Taking the debate forward: Should Hong Kong act on non-standard shareholding structures?
(24/10/2013)
 
What does the Shanghai FTZ mean for Hong Kong?
(14/10/2013)
 
Voices on investor protection
(25/09/2013)
 
Hong Kong prepares to seize another historic opportunity after learning from H Shares
(02/09/2013)
 
LME Warehouse Queues: Perception and reality
(01/07/2013)
 
LME Week Asia and the future of commodities in London, Hong Kong, and Mainland China
(28/06/2013)
 
New LME-licensed warehouse locations in Asia approved
(17/06/2013)
 
Why LME volumes are surging
(13/06/2013)
 
Thoughts on Martin’s resignation
(06/06/2013)
 
Strengthening the LME's Asia Benchmark Price
(03/06/2013)
 
Towards LME Week Asia and beyond
(27/05/2013)
 
Connecting the dots for a full picture of HKEx’s plans
(08/05/2013)
 
Clear Waters or Murky Waters – Thoughts from Boca
(02/04/2013)
 
HKEx's Prospects in the Year of the Snake: Are we too focused on China?
(14/02/2013)
 
"Raising Children” & "Building a Nursery” –Additional Thoughts on the Internationalisation of the RMB
(03/01/2012)