SFC turns up heat on HK IPOs with bank probes

China stock crash PA 230x150
By John Loh
03 Nov 2016

The Hong Kong Securities and Futures Commission has fired a warning shot at banks, with both Standard Chartered and UBS being investigated for their roles as IPO sponsors. The move has left other banks wondering which one will be next and comes at a time when the IPO market is teetering. John Loh reports.

StanChart said on Tuesday that the regulator might penalise it for a 2009 IPO, only days after UBS disclosed that it too was being investigated. StanChart could face action that may result in financial consequences. The lender no longer has a presence in equity capital markets after ...

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