HONG KONG: Hong Kong's securities watchdog gave guidance to investment banks on how they should cooperate during a raid by regulators, two people with knowledge of an industry meeting said, adding this signals more scrutiny, particularly of booming share sales.
Securities and Futures Commission CEO Julia Leung and Kenneth Luk, senior director of its enforcement division, attended a meeting with investment bank executives on August 17, where Luk gave guidance on what staff should do, they said.
