Alibaba, HKEX & ESG: Missed Leadership Opportunities

International Financial Law Review, 10 December 2019

University of Hong Kong Faculty of Law Research Paper No. 2019/119

Posted: 10 Jan 2020 Last revised: 17 Jan 2020

See all articles by Syren Johnstone

Syren Johnstone

Faculty of Law, University of Hong Kong; Asian Institute of International Financial Law

Frederick J. Long

Olympus Capital Asia, Hong Kong

Date Written: December 10, 2019

Abstract

Alibaba’s secondary listing in Hong Kong on 26 November 2019 represents a significant milestone for the bourse, and for Chinese issuers listed in New York and London. But it also represents missed opportunities and raises questions about the pace of ESG reform in Hong Kong. Alibaba’s ESG disclosures reveal concerns about corporate practices and the adequacy of exchange disclosure rules. The fact it is Hong Kong’s first wholly electronic offering begs the question why environmentally damaging printed prospectuses are still used in Hong Kong.

Keywords: Alibaba, ESG, environmental law, HKEX, hong kong exchange

Suggested Citation

Johnstone, Syren and Long, Frederick J., Alibaba, HKEX & ESG: Missed Leadership Opportunities (December 10, 2019). International Financial Law Review, 10 December 2019; University of Hong Kong Faculty of Law Research Paper No. 2019/119. Available at SSRN: https://ssrn.com/abstract=3506472

Syren Johnstone (Contact Author)

Faculty of Law, University of Hong Kong ( email )

Faculty of Law, Pokfulam Road
Pokfulam
Hong Kong
Hong Kong

HOME PAGE: http://www.law.hku.hk/academic_staff/syren-johnstone/

Asian Institute of International Financial Law ( email )

Faculty of Law, Pokfulam Road
Pokfulam
Hong Kong
Hong Kong

HOME PAGE: http://www.law.hku.hk/academic_staff/syren-johnstone/

Frederick J. Long

Olympus Capital Asia, Hong Kong ( email )

Hong Kong
Hong Kong

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