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Dual-class shares are also known as weighted voting rights and are allowed on many bourses around the world, including those of the United States, Canada, France and Switzerland. They typically grant a particular group of shareholders greater voting rights than others, and are favored by new economy companies as a way of shielding founders and top executives from short-termism.
Dubbed "Operation Border Resolve", it was a show of force amid the Trump administration's concern over the increasing number of migrants traveling to the southern border with Mexico to claim asylum. The raids had been due to take place in June but were rescheduled for last week.
Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Science and Technology, said acceptance of unprofitable companies and the dual-class share structures are both "unprecedented" in the A-share market's history.
Dong said the moves by the China Securities Regulatory Commission are important for maintaining a regular pace of IPOs and promoting the reform of the registration-based IPO system.
Dongxing is the only port that connects China and Vietnam by both land and water. The border between the two countries runs for more than 1,000 kilometers and lacks obvious natural barriers, which facilitates illegal activities such as smuggling and human trafficking. About 37 km of the border runs through Dongxing.
来源：资阳报