Hong Kong securities watchdog proposes tougher rules for IPO sponsors

Under the new SFC proposals, sponsors in Hong Kong can be held criminally liable, and the number of advisers on a deal may be limited.

May 10, 2012

In a much-awaited move, Hong Kong’s Securities and Futures Commission (SFC) yesterday launched a two-month consultation on proposals to enhance sponsor regulations. The move comes in light of growing concerns about the quality of some companies that have sought a listing status in Hong Kong, which continues to be the world’s top market for IPOs.

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