China lays out new path for cornerstones to HK IPOs
![hong_kong_roadmap_230px](https://assets.euromoneydigital.com/dims4/default/769ec2b/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Ffd%2F33%2Fc685399bd2d25d8c88628d0bb80a%2Fhong-kong-roadmap-230px.jpg)
Cornerstone investors taking up huge chunks of Hong Kong IPOs have caused much controversy in recent years, but that looks set to change. China’s foreign exchange regulator has provided a new route for investing in the city’s listings, which is expected to diversify the pool of potential cornerstones beyond the typical state-owned enterprises, and friends and family investors. Jonathan Breen reports.
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