Hong Kong official warns of more IPO sponsor probes
Corporate fraud, malfeasance pose one of the greatest threats to the integrity of the Hong Kong market, he says
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Hong Kong
INVESTORS can expect to see more regulatory probes into the sponsorship of stock listings in Hong Kong, the city's top markets enforcement official said, underlining a crackdown that has already led to two global banks being investigated.
Speaking at the Thomson Reuters Pan-Asian Regulatory Summit on Wednesday, Thomas Atkinson, recently appointed to head up enforcement at Hong Kong's Securities and Futures Commission (SFC), said that the regulator had created a temporary team dedicated to monitoring misconduct for initial public offerings.
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