GC
New IPO rules aim to boost Hong Kong’s transparency
Hong Kong is coming to grips with a new IPO regime as the city switched to a public filing system on April 1, transforming it into one of the region's most transparent markets.
Under the old confidential filing system, a company's draft prospectus was only made public once an IPO had launched marketing. The new rules, which came into effect last October but had a six month grace period, change that completely.
Companies are now required to submit a “substantially completed” prospectus, profit ...Already a subscriber? Login
