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引言2014年中国年度最受关注的经济事件莫过于阿里巴巴上市话题,因为香港坚守“一股一权”规则,阿里巴巴“合伙人”~①这一类似公司内部人持复数表决权“普通股”~②效果的治理结构香港上市失败,但是却引发丁香港和内地关于上市公司股权结构规则的讨论和反思。业内人士发现,发行复数表决权“普通股”的双层股权结构在科技创新型公司中一时间蔚然成风,根据Ropes&Gray律师事务所统计,2013年1月以来在美上市的中国科技企业中国企业,仅有一家没有采用发行复数表决权
Introduction The most watched economic event of 2014 in China is none other than the listing issue of Alibaba because Hong Kong adheres to the principle of “one share, one power, one vote.” Alibaba.com, a similar company insiders, holds the right to vote “Common stock ” ~ (2) The governance structure of the result The failure of listing in Hong Kong triggered the discussion and reflection on the rules governing the ownership structure of listed companies in Hong Kong and the Mainland. According to statistics by Ropes & Gray Law Firm, Chinese technology companies listed in the United States since January 2013, Chinese enterprises, are now in the early stages of technology innovation. However, Only one did not adopt the issue of plural voting rights