In January 2020, HKEx issued a consultation paper aimed at updating the rules regarding who may hold "weighted voting rights" ( WVRs ) in a company that is sufficiently innovative and that meets the other listing eligibility criteria to list with a WVR structure pursuant to Chapter 8A of the Listing Rules. The updated WVR rules would permit corporations that meet certain criteria (including having their own listing on HKEx or a short list of other stock exchanges) to hold WVR shares in the company to be listed pursuant to Chapter 8A. The consultation period was initially scheduled to close on May 1, 2020, but was extended through to May 30, 2020. We understand that HKEx is now considering the responses received, and the conclusions are expected to be published in the second half of 2020.