Hong Kong regulator ramps up warnings over poor IPO filings
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Hong Kong's Securities and Futures Commission (SFC) has intensified warnings to investment banks regarding poor IPO filings amid a surge in listings. The SFC expressed concerns over the lack of regulatory knowledge and experience among active sponsors, leading to inadequate supervision. New requirements mandate banks to report principal bankers and their active listings. The SFC emphasized the importance of maintaining quality in the capital market, warning that sponsors pursuing volume may compromise standards. Inspections of sponsors' resources are expected, and disciplinary actions may follow for non-compliance.
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