<div id="readability-page-1"><div>By Selena Li The Hong Kong securities regulator and the stock exchange said they have jointly asked investment banks to ensure that they maintain the quality and standard of IPO applications, in a rare move that comes amid a surge in listings in the financial hub.Hong Kong dominated Asian equity capital market deals with $75 billion raised so far this year, more than triple what was raised last year and the highest since 2021, according to LSEG data.&#34;HKEX is committed to ensuring the timely and robust review of new listing applications,&#34; a spokesperson for Hong Kong Exchanges and Clearing Ltd (HKEX) , the city's bourse operator, said in an emailed statement. The exchange continues to proactively engage with issuers, sponsors and professional advisers to &#34;ensure the submission of comprehensive and high‑quality listing materials&#34;, the spokesperson added.&#34;The SFC will continue to work closely with HKEX to uphold the quality and standards of new listing applications in Hong Kong,&#34; a spokesperson for SFC said in a separate statement to Reuters.</div></div>

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Hong Kong's securities regulator and stock exchange have urged investment banks to maintain high standards in IPO applications amid a surge in listings. Hong Kong has raised $75 billion in equity capital market deals this year, the highest since 2021. HKEX and SFC are committed to ensuring comprehensive and high-quality listing materials.

- The Hong Kong securities regulator and the stock exchange have requested investment banks to uphold the quality of IPO applications amid a surge in listings.  
- Hong Kong has raised $75 billion in equity capital this year, significantly surpassing last year's figures and marking the highest total since 2021.  
- Both the Hong Kong Exchanges and Clearing Ltd and the Securities and Futures Commission are committed to ensuring comprehensive and high-quality listing materials.

Hong Kong exchange, regulator ask banks to maintain quality of IPO applications