'Just a talking shop': HKEx listing reform draws ire

Instead of a joint SFC-HKEx committee to rule on listings and develop policy, itself a compromise, investors are left with a consultative panel that lacks any formal powers.

'Just a talking shop': HKEx listing reform draws ire

History looks to be repeating itself.

The 2002 penny stocks incident’, in which HK$10 billion $1.28 billion was wiped off the value of several companies, cast an unflattering light on Hong Kong’s listing regime. The conclusion drawn by the subsequent Expert Group appointed in March 2003 by the Financial Secretary was that HKEx, Hong Kong Exchanges and Clearing, should lose...

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