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Hong Kong Sponsors Should Have Little To Fear From Proposed Sfc Rules, Bryane Michael
Hong Kong Sponsors Should Have Little To Fear From Proposed Sfc Rules, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
New rules threaten to increase the legal liability of IPO sponsors in Hong Kong. What effect will the new rules have the IPO market in Hong Kong --- and the sponsors who prepare the new issue? We argue that the new rules -- rather than hindering the IPO market -- promise to deepen it. We review (for the lay-person) the relevant law, previoius econometric studies in the area, and provide conclusions.