earticle

영어

Alibaba group was not accepted by the HKEX due to its “dual-class shares” and chose the US, which triggers a discussion of the feasibility of “dual-class shares” in china. The “dual-class shares” has always been controversial because of its conflict of the “equity” spirit of governance. But in reality the “dual-class shares” option is in accordance with the corporate governance and the protection of shareholders’ rights and interests. In view of the current social environment in China, the “dual-class shares” should be given a certain space of existing.

한국어

阿里巴巴集团因其“合伙人制度”不为港交所接纳而选择在美国上市, 引发对于 双重股权结构在中国可行性的讨论。双重股权结构因其与“股权平等”的治理精 神表面的冲突而备受争议。实则双重股权与公司治理和股东权益保护并不冲 突。从中国现行的社会环境看, 应赋予双重股权结构一定的存在空间。