BoCom International fined as SFC widens clampdown

Hong Kong's regulator penalises Chinese the bank for involvement in a mooted IPO from China Huinong.

BoCom International fined as SFC widens clampdown

Bank of Communications International Asia became the latest bank ensnared in a widespread clampdown on Hong Kong IPO sponsors on Wednesday, when the securities regulator slapped it with a HK$15 million $1.93 million fine.

The fine related to the bank’s role as a sponsor on the mooted IPO of China Huinong, a lender in Jiangsu province that focused on small and medium-sized enterprises and individual borrowers.

The Securities and Futures...

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