Hong Kong and Singapore are at it again. The Asian financial hub rivals are reviving a debate on dual-class shares as global competition for the hottest initial public offerings intensifies.
Singapore is a few steps ahead. Prime Minister Lee Hsien Loong last week gave his approval to dual-class shares and other measures proposed by a panel to drive economic growth. The city-state’s stock exchange on Thursday started a public consultation, a final hurdle before allowing the structure. Hong Kong Exchanges & Clearing Ltd. Chief Executive Officer Charles Li in January revisited the topic after a 2015 proposal was shot down by his regulator.
