Xiaomi, Aramco Will Likely List in Hong Kong, Exchange Chief Says

The proposed changes include permitting IPOs that restrict shareholders' voting rights, secondary listings by Chinese and international companies already listed elsewhere and primary listings by unprofitable biotech firms. The reforms are set to become effective April 30. The exchange will begin taking listing applications in early May, Mr. Li said. "This probably is the largest reform we've ever had in the last 25 years," he said, adding that it's "only a matter of time" before the likes of Alibaba and Xiaomi list in Hong Kong. Mr. Li is one of several speakers who are discussing some of the most compelling ideas emerging globally.