How Moody’s SFC penalty could hurt China’s capital markets

The rating agency appeals against sanctions imposed by Hong Kong regulator for a negative report on Chinese companies. If the decision is upheld, price discovery will suffer.
Upholding Moody's penalty for its 2011 'red flags' report would set an unhealthy precedent
Upholding Moody's penalty for its 2011 'red flags' report would set an unhealthy precedent

Financial watchdogs are supposed to protect investors, but Hong Kong’s securities regulator is pushing for sanctions that would likely hinder price discovery and hurt the reputation of Chinese equity markets when they are fast opening up to foreign capital.

¬ Haymarket Media Limited. All rights reserved.

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