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Listing Rules Review Part 1: Stop Displacement
The SEHK has published a long-awaited consultation paper on amendments to the corporate governance aspects of its Listing Rules. It's 175 pages long, so we'll being covering this in a series of articles before making our concluding submission. We start with the general placing mandate for non-pre-emptive issues, where the Exchange proposes cosmetic changes which fail to bring Hong Kong up to international best practice.