SFC drops listing committee proposal after resistance

By Jonathan Breen
18 Sep 2017

Hong Kong’s Securities and Futures Commission (SFC) has backed down from the idea of boosting its involvement in listing approval decisions following a wave of opposition, but will maintain its new role of intervening in serious listing matters.

The Hong Kong Stock Exchange and SFC released on September 15 the conclusions to a joint consultation paper published in June 2016. The paper included proposals such as the creation of a listing regulatory committee, which will give the regulator earlier and more direct input on individual listing approvals.

But ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial