Posted by: mulrickillion | October 24, 2011

Hong Kong looks to private IPOs from China

By Henny Sender, Oct 23, 2011 —

Hong Kong will have to court listings from potentially risky Chinese private enterprises as the wave of initial public offerings by state-owned companies comes to an end, according to the new head of the territory’s market regulator.

Ashley Alder, who took over as head of the Securities & Futures Commission on October 1, told the Financial Times that a “greater proportion of listings will consist of privately held companies from mainland China and further afield.

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“This phase of HK’s market’s development is very promising but also poses different risks and regulatory,” Mr Alder said in an interview. “We will continue to focus on the vital gatekeeping role of IPO sponsors … and be rigorous about high disclosure standards.”

Hong Kong has largely managed to avoid the accounting scandals that have tarnished some Chinese companies listed on US stock exchanges. . . .

Hong Kong looks to private IPOs from China – FT.com

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