Hong Kong seeks clampdown on IPO prospectuses

Hong Kongs market watchdog threatened to make it easier to prosecute investment banks and their staff if they allow false information to appear in the prospectuses of companies that float on the local stock exchange.

The move by Hong Kong to create an explicit criminal liability for investment bank sponsors of new listings would make its prospectus regimes one of the strictest in the world. Only Singapore and the US have similar provisions ... READ MORE

Released by the Financial Times - 9 May 2012