Hong Kong bankers warned to improve quality of IPO paperwork - FT中文网
登录×
电子邮件/用户名
密码
记住我
请输入邮箱和密码进行绑定操作:
请输入手机号码,通过短信验证(目前仅支持中国大陆地区的手机号)。如果该手机号尚未注册,将自动创建 FT中文网账号。短信可能需要几分钟送达,验证码15分钟内有效,请耐心等待:
请您阅读我们的用户注册协议和隐私权保护政策,点击下方按钮即视为您接受。
港交所

Hong Kong bankers warned to improve quality of IPO paperwork

Regulators highlight concerns after listings boom in territory
00:00

{"text":[[{"start":10.79,"text":"Investment bankers in Hong Kong have been warned over the quality of their paperwork in filings for initial public offerings after a boom in listings in the Chinese territory."}],[{"start":21.189999999999998,"text":"Hong Kong financial regulators sent letters to banks in the territory highlighting concerns, including failures to address regulator questions and poor descriptions of the business models of companies seeking to list. The letters also drew attention to text that was copied and pasted from previous prospectuses, according to people familiar with the warning."}],[{"start":42.81999999999999,"text":"The letters, sent in recent days, come as investment banks are beefing up staffing in Hong Kong to handle a revival in listings, which are principally coming from mainland Chinese companies using the territory as a base to raise offshore funds for international expansion."}],[{"start":61.64999999999999,"text":"Hong Kong has more than 300 companies in its IPO pipeline, having submitted paperwork to list. Listings so far this year in the territory have raised about US$34bn for companies, according to data from KPMG, making it the top IPO venue globally ahead of the NYSE, Nasdaq and National Stock Exchange of India."}],[{"start":83.75,"text":"This marks a huge increase from previous years after Covid-19 when Hong Kong’s capital markets stagnated."}],[{"start":91.19,"text":"“It’s just [about] being sloppy,” said one person who has read the letter, who added that regulators were displeased with excessive use of marketing language in documents submitted by advisers on behalf of the companies."}],[{"start":105.69,"text":"Two sources who had seen the letter confirmed that Hong Kong’s Securities and Futures Commission and the Hong Kong Stock Exchange contacted banks that work on helping companies go public in the territory with concerns about the quality of application materials."}],[{"start":123.47999999999999,"text":"They said banks might have received different versions of the letter, with some highlighting specific incidents concerning work submitted by the bank."}],[{"start":132.95999999999998,"text":"Last year, the SFC and HKEX unveiled an accelerated IPO application process for certain types of companies, including those already listed in mainland China, in a move to encourage more listings."}],[{"start":148.14,"text":"HKEX said it was “committed to ensuring the timely and robust review of new listing applications, and continues to proactively engage with issuers, sponsors and professional advisers to ensure the submission of comprehensive and high-quality listing materials”."}],[{"start":168.88,"text":"The SFC confirmed to the Financial Times that the letters were sent. News of the letters was first reported by Reuters."}],[{"start":185.15,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1765413135_4004.mp3"}

版权声明:本文版权归FT中文网所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。

法国部署大批警力,为抗议活动做准备

政府周六将增加20%的街头警力,以在上周末骚乱后加强安保。

花旗终于获批在华开展证券业务

绿灯亮起之际,唐纳德•特朗普与习近平预计将于下月会晤。

特朗普阵营的半程成绩单

将美国变现,富豪们乐见其成,民众却不买账。

舞弊担忧加剧,塞尔维亚武契奇面临艰难选举

本期通讯还将探讨:如何捍卫欧洲在量子技术领域的地位。

警惕贝森特偏向短期债务

如果通胀和债务上升、市场对AI的乐观情绪降温,缩短美国国债期限结构的风险就会加大。

加迪•艾森科特:这位以色列前军方首长能击败内塔尼亚胡吗?

这位年届66岁、经验丰富的中间派亚沙尔党党首正与总理展开势均力敌的较量,力图将其赶下台。
设置字号×
最小
较小
默认
较大
最大
分享×