B · Normal
[Hong Kong Securities and Futures Commission: Urges sponsors and other gatekeepers of initial public offerings to continue to strengthen relevant work] On October 13, the Hong Kong Securities and Futures Commission stated that the work of sponsors has improved since January this year. It also urged sponsors and other gatekeepers of initial public offerings to continue to strengthen relevant work and beware of opaque arrangements involving initial public offerings and post-listing activities. These arrangements may generate questionable subscription orders, artificially inflate demand for shares in an IPO, or facilitate potentially manipulative post-IPO trading activity.
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