Hong Kong's IPO Gatekeeper Status Back in Focus After Arrests

  • Graftbusters have arrested former exchange official Yeoh
  • Bourse has been in tug-of-war with SFC over listings control

Booths stand emptied on the trading floor of the Hong Kong Stock Exchange.

Photographer: Anthony Kwan/Bloomberg
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Hong Kong Exchanges & Clearing Ltd.’s dual role -- as a major Asian equities trading exchange as well as the arbiter of which companies get listed on it -- is being called into question again.