Regulatory tightening in Hong Kong sees delistings outnumber resumptions: report

The tightening of Hong Kong’s securities regulations – in the wake of property developer Evergrande’s liquidation and unrelated IPO frauds – has resulted in more delistings than resumptions for the first time in three years, according to a report by accountants Grant Thornton. Hong Kong saw 35 delistings in the 12 months to August this year but only 21 resumptions, the report said. “Regulators have comprehensively tightened resumption requirements,” said Barry Tong, national leader of forensic...