Hong Kong Stock Exchange Has No New Deal In The First Quarter And Alibaba Is Still Uncertain.

< p > yesterday, the "a href=" http://www.91se91.com/news/index_p.asp "Hongkong" /a listed Committee discussed a draft document on different voting rights structure and other topics at the regular quarterly policy meeting.

< /p >

P, a spokesman for the Hongkong stock exchange, told reporters that the listing committee had reached a broad consensus on the form and nature of the document.

But the document is not expected to be released in the first quarter.

As for the contents of different voting structure documents, it is very important to go to Hong Kong to list with the domestic electricity giant Alibaba.

< /p >

< p > in accordance with the process, any company's < a href= "http://www.91se91.com/news/index_c.asp" > Listing structure < /a > must comply with the HKEx regulations before submitting relevant listing materials.

At present, the HKEx applies the principle of "one vote and one vote".

< /p >

< p > < strong > the listing committee has reached a broad consensus. < /strong > < /p >

P, a spokesman for the Hongkong stock exchange, told reporters yesterday that at the regular quarterly policy meeting, the listing committee discussed a draft document on different voting rights structures and other topics.

It is reported that the listing committee has reached a broad consensus on the form and nature of the documents.

The Hongkong Stock Exchange listing department will continue to work with the listing committee and the Hongkong Securities Regulatory Commission to study related matters.

< /p >

< p > according to the 2012 < < a href= "http://www.91se91.com/news/index_c.asp > > the listing committee report < /a >", "the preliminary conception development, market development and some operational matters concerning the policy are discussed and discussed in the listing liaison group.

The group consists of the chairman of the listing committee and two vice presidents, the chief executive officer of the Hongkong exchange and the head of the listing section.

The group usually meets once a month. "

< /p >

< p > according to the Hongkong industry, in theory, as long as the approval of the listing committee is granted, even if the Hongkong Securities Regulatory Commission is reluctant to do so, the HKEx can conduct regular consultation as usual.

However, whether the reform can be carried out after consultation can always be triggered by the SFC.

< /p >

< p > < strong > Alibaba listing procedures may take four months < /strong > /p >

< p > as for the contents of different voting structure documents, it is very important to go to Hong Kong stock market with the domestic electricity supplier giant Alibaba.

At present, the HKEx applies the principle of "one vote and one vote".

< /p >

< p > it is understood that the Hongkong Securities Regulatory Commission has three doubts about relaxing the same rights and shares.

First of all, relaxing the same rights and shares is not the trend of the world. We can not see why Hongkong should destroy the bottom line in advance.

Second, only issuing new shares (not applicable to listed shares), or allowing only GEM companies to set up a "non co ownership" structure, is equivalent to recognizing that the market can have two corporate governance standards.

Third, allow individual shareholders to "control the big by small" against the enacted code of merger and acquisition.

< /p >

< p > according to a spokesman for the Hongkong stock exchange, it is not expected that the document will be announced in the first quarter.

At the end of last year, there were many rumors about Alibaba listing. The Hongkong securities dealers who had consulted said that Alibaba would consider the possibility of listing in the two quarter or the three quarter.

< /p >

P, which has been preparing to sprint Alibaba listed on Hong Kong stock market, has been selected by the end of last year to complete the selection of sponsors.

But according to the procedure, it still takes nearly four months to complete its final listing process.

< /p >