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Webb on "Newswrap" re HKEX third board and GEM
Shareholder activist David Webb says the Hong Kong Stock Exchange, which has proposed setting up a new board to open ways for more mainland tech companies to list in the city, is going in completely the wrong direction. He said Hong Kong should have a single board, rather than confusing the market with more boards. He told Jim Gould that a simpler structure should also have better disclosure and governance requirements.