Hong Kong SFC to inspect IPO sponsors amid efforts to tighten listing rules

SFC prepares to inspect Hong Kong IPO listing sponsors amid quality concerns

Hong Kong’s market regulator will soon begin inspection of investment banks to assess their roles as sponsors of listing candidates, in its latest effort to uphold the quality of new listings amid a booming market. The Securities and Futures Commission (SFC) said the inspection would focus on whether banks had complied with its January circular, which outlined expectations on staffing and quality controls when handling initial public offerings (IPOs) in Hong Kong. For example, the SFC expecte...

By Enoch Yiu