Deals
Alibaba Loss Seen as Price Worth Paying for Hong Kong
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In Hong Kong, where billionaire families dominate the economy, listing standards that prevent company insiders from hoarding control strike Pauline Dan as protections worth guarding.
The Asian city’s stock regulator is holding firm against looser governance arrangements that prevail in the U.S., costing Hong Kong Exchanges & Clearing Ltd. the initial share sale of Alibaba Group Holding Ltd. Resistance may be justified in a market that lacks class-action lawsuits and is home to four of Asia’s five richest people.