Deals
Hong Kong Regulator's IPO Setback Doesn't Mean It's Backing Down
- Business opposition led regulator to scrap listings proposal
- The SFC is still expected to take a more assertive role
Residential and commercial buildings stand illuminated at night in Hong Kong.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Hong Kong’s securities regulator may have failed to win public support for a larger oversight role in the city’s stock listings, but that doesn’t mean it’s backing down.
The Securities and Futures Commission is seen pushing ahead with efforts to more actively vet initial public offerings, despite scrapping proposed changes to the listing process on Friday after a public consultation showed opposition from brokerages and business leaders.