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HKEx cuts hit corporate governance of whole market
A circular slipped out by an HKEx subsidiary, HKSCC, will slash the effective voting window for general meetings, reducing the participation of institutional investors in important decisions such as acquisitions, connected transactions and dilutive share issues. We urge HKEx to rethink this deeply damaging move.
- HONG KONG EXCHANGES AND CLEARING LIMITED
- HONG KONG SECURITIES CLEARING COMPANY LIMITED
- SECURITIES AND FUTURES COMMISSION