China to Include Dual-Class Shares in Stock Connect in July
- Move would allow China traders to invest in Xiaomi, Meituan
- Timing consistent with plan proposed by exchanges last year
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China-based traders will be able to invest in Hong Kong-listed technology giants including Xiaomi Corp. and Meituan Dianping starting July, when the companies’ dual-class listing structures will no longer make them off limits to mainland investors.
"After long discussions between the Hong Kong exchange and the China Securities Regulatory Commission, we agreed that in July weighted-voting rights shares will be included" in the stock connects between the mainland and Hong Kong, the city’s Secretary for Financial Services and the Treasury James Lau, said after a visit to the Shanghai stock exchange.