Hong Kong considers reducing penny stocks
A Hong Kong legislator asked about steps to reduce the number of penny stocks; the Secretary for Financial Services and the Treasury provided the government's reply in the Legislative Council.
Topic cluster
stable
1 source grouped by AFBytes in Economy
AFBytes briefing
Regulatory changes in Hong Kong can affect liquidity and risk for U.S. investors holding shares listed on its exchange.
What to watch next
- Watch for the next Hong Kong Securities and Futures Commission consultation paper on listing reforms.