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Chinese Tech Giants Seek Further IPO Rule Changes in Hong Kong

Maoyan’s IPO rule waiver request was said to be rejected
Tencent, Alibaba said to lobby for corporate voting rights

China’s tech giants are pushing for more changes from Hong Kong when it comes to IPOs. Bloomberg’s Lulu Chen reports.(Source: Bloomberg)

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By Lulu Yilun Chen, Benjamin Robertson, and Crystal Tse

February 18, 2019 at 9:00 PM UTC

This article is for subscribers only.

Barely a year after Hong Kong amended its market rules to attract initial public offerings, China’s technology giants are pushing for more.

From allowing companies to hold super-voting rights to letting key shareholders buy stock in IPOs, tech companies are lobbying Hong Kong Exchanges & Clearing Ltd. for changes or waivers that would help their businesses, according to people familiar with the matter.