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The Stock Connect is an investment channel that connects the Hong Kong, Shanghai, and Shenzhen stock exchanges.
In a statement, the bourses gave the example of Shanghai-based video platform Bilibili (NASDAQ:BILI) Inc., whose shares are listed in the United States and Hong Kong.
After the company converted its secondary listing in Hong Kong to a primary listing on Oct. 3, its shares can be added to the Southbound leg of the Connect scheme as soon as March, if they meet certain conditions, the bourses added.
A growing number of China’s dual-class companies, including e-commerce giant Alibaba (NYSE:BABA) Group and fast-food restaurant chain operator Yum China Holdings (NYSE:YUMC), also have applied to convert their secondary listings in Hong Kong to primary ones.
Dual-class shares give greater voting rights to company founders over individual investors.
