HKEX, China Exchanges Agree on 'Special Period' for Dual Class Shares

The transcript discusses a statement from the Hong Kong exchange about a test period for including certain shares in the stock Connect program. It highlights the omission of this clause in the Chinese translation, raising questions about a potential compromise. An unexpected statement from the Shanghai and Shenzhen exchanges further complicates the situation, affecting companies like Xiaomi. The transcript concludes with uncertainty about the working group's specifics and future actions.

What is the main focus of the Hong Kong exchange's statement?

• The inclusion of dual class shares in the Stock Connect program.

• The permanent exclusion of all shares from the Stock Connect program.

• The exclusion of dual class shares from the Stock Connect program.

• The immediate inclusion of all shares in the Stock Connect program.

What was omitted in the Chinese version of the Hong Kong exchange's statement?

• The financial implications of the inclusion.

• The names of the companies involved.

• The clause about eventual inclusion of dual class shares.

• The timeframe for inclusion of shares.

What unexpected announcement did the Shanghai and Shenzhen exchanges make?

• They planned to delist several companies.

• They announced a merger with the Hong Kong exchange.

• They decided not to introduce certain shares to the Stock Connect program.

• They planned to introduce new shares to the Stock Connect program.

What was the significance of the planned inclusion of Xiaomi shares?

• It would allow mainland traders to buy Xiaomi shares quickly.

• It would prevent mainland traders from buying Xiaomi shares.

• It would increase the price of Xiaomi shares significantly.

• It would decrease the price of Xiaomi shares significantly.

What is the main concern regarding the working group mentioned in the final section?

• The high cost of forming the group.

• The lack of a clear timeframe and specifics.

• The group's potential to disrupt the market.

• The group's focus on only one type of share.