Hong Kong Moves to Lower Threshold for Dual-Class Share Listings

Hong Kong is proposing to lower the minimum market value for dual-class shares to debut on the city’s exchange, part of a broader push to revive its status as a premier destination for global initial public offerings.

Hong Kong Exchanges & Clearing Ltd. proposed cutting the market capitalization threshold for weighted voting rights listings to HK$6 billion ($767 million) from HK$10 billion, according to a statement Friday. It plans to lower the revenue requirement to HK$600 million from HK$1 billion.

“Our proposals are consistent with the policy direction of the HKSAR Government and market feedback,” the exchange said in a ...