Thursday, December 19, 2019

Syren Johnstone and Frederick Long on Alibaba, HKEX & ESG: Missed Leadership Opportunities (Int'l Fin L Rev)

Syren Johnstone and Frederick Long

5 December 2019, Winter 2019/2020
Introduction: To meet rising investor expectations, Alibaba and HKEX must both provide roadmaps to deeper engagement with environmental, social and governance issues. Alibaba Group's secondary listing on the Hong Kong Stock Exchange (HKEX) on November 26 2019, raising over US$11 billion (around 2.3% of Alibaba's market cap), represents the most significant offering on the bourse this decade. It opens up an important pathway for Chinese issuers listed in New York and London who may now be looking to Hong Kong SAR as a venue for tapping into pools of Chinese capital. However, the high-profile listing also raises important questions related to environmental. social and governance (ESG) concerns... 

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