热门标签

U8hash官网(www.eth108.vip):Insight - Hong Kong’s wild stock swings hit New York after IPO clampdown

时间:2周前   阅读:1   评论:1

三公开船www.eth108.vip)(三公大吃小)是用以太坊区块高度哈希值开奖的棋牌游戏,有别于传统三公开船(三公大吃小)棋牌游戏,三公开船(三公大吃小)绝对公平,结果绝对无法预测。三公开船(三公大吃小)由玩家PK,平台不参与。

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.

In fact, seven of 10 tiny listings from China and Hong Kong have gone on a tear this year before sudden collapses, catching the eye of the top United States regulator.

Securities and Exchange Commission (SEC) chairman Gary Gensler said last week that authorities are well-placed to look into wild gyrations.

For investors watching from Hong Kong such unexplained stock jumps are familiar. The city was once a hotbed of massive share moves, prompting repeated warnings from regulators on “problematic IPOs” and “ramp-and-dump schemes,” which led to a drastic tightening of listing rules that all but killed off the Asian hub’s small-cap board.

“The situation is looking a lot like what happened with penny stocks in the Hong Kong market three, four years ago,” said Kakei Lam, fund investment officer at Metaverse Securities Ltd.

“Some big shareholders would try to prop up the share prices and lure in small investors.”

Stratospheric rise

,

U8hash官网www.eth108.vip)采用以太坊区块链高度哈希值作为统计数据,U8hash官网单双哈希、幸运哈希、平倍牛牛等游戏数据开源、公平、无任何作弊可能性。

,

While New York has long been home to some of China’s biggest companies such as Alibaba Group Holding Ltd, it’s now seeing an influx of lesser-known names, especially from Hong Kong, who are seeking to avoid new hurdles in their home town.

The US listing of AMTD Digital Inc, whose recent stratospheric rise captivated investors, came after an IPO of another unit of its parent company was rejected by regulators in the Chinese territory.

Prospective issuers

But the US operates under a disclosure-based system, meaning there’s no permission needed to go public. Hong Kong works through a permission-based system, which makes getting approval more arbitrary.

Hong Kong’s watchdog has clamped down on prospective issuers, raising red flags about unusually high underwriting commissions and price-to-earnings ratios as well as shares being controlled by a limited number of people.

The stock exchange is tightening rules by raising the minimum profit threshold, while requiring a public offering rather than the shares just being sold to a private select group. It has warned that problematic applications will face heightened scrutiny.

Regulators also look at the type of business, setting a threshold for “listing suitability” and requiring approval from both the exchange and the Securities and Futures Commission.

Two recent volatile stocks in New York, AMTD Digital and Magic Empire Global Ltd, both qualified as an “emerging growth company” under US law, which enjoy relaxed disclosures when going public.

上一篇:10.27.中财网晚七点:明日要闻、利好/利空消息-更新中

下一篇:telegram中文群组索引(www.tel8.vip):Twitter tells employees bonuses could halve on performance: NYT

网友评论