Troubled times: People walk past the complex that houses the Hong Kong Stock Exchange. Problematic IPOs are seeing a drastic tightening of listing rules that are hurting the Asian hub’s small-cap board. — Bloomberg
THE wild stock swings that Hong Kong regulators spent more than half a decade trying to stamp out are now popping up in New York.
Post-listing spikes of thousands of percent in two little-known Hong Kong firms over the past few weeks have baffled investors in the world’s financial capital.
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