HK proposes two new listings committees to oversee IPOs
Hong Kong
HONG Kong's financial regulator and the operator of the city's stock exchange have proposed the creation of two new listings committees that they said would enhance supervision of the market.
The Securities and Futures Commission and Hong Kong Exchanges & Clearing Ltd on Friday put forward a plan for the committees, which would be equally represented by officials from the two bodies. The new structure would give the regulator more power to supervise initial public offering applications, they said in a joint statement.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly