Deloitte Advocates for Moderate Relaxation of Hong Kong's Listing Requirements for Weighted Voting Rights Companies
2025-08-18 / Read about 0 minute
Author:小编   

Eugene Au, Managing Partner of Deloitte China's South China Region, has suggested that to bolster the growth of Hong Kong's capital market, the listing criteria for companies with 'Weighted Voting Rights' (WVR) should be prudently eased. This includes broadening the scope of 'innovative industries', adjusting market capitalization or revenue thresholds, and contemplating an increase in the maximum allowable privileged voting ratios. He stressed that the current Hong Kong stock market's 'one share, 10 votes' rule for WVR structures poses obstacles for some U.S.-listed WVR companies to return and entails significant compliance costs. Furthermore, Mr. Au proposed a short-term halving of stamp duty on transactions involving Renminbi-denominated counters to attract more Renminbi investors, as well as a reduction by half in the stamp duty for foreign primary dual-listed companies trading in Hong Kong.