Hong Kong regulator cracks down in wake of IPO fiascos

Milestone action, including fines totalling $100 million, against UBS, StanChart, Morgan Stanley and Merrill Lynch, come as city battles to maintain its cachet as a listing destination.

Niall Fraser

March 14, 2019

Beware the Ides of March, William Shakespeare once wrote. Beware its eve also, some investment banks in Hong Kong could be forgiven for thinking after the city's securities regulator slapped down no less than four international operators in one day.

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