EconomyHong Kong sees last-minute IPO cancellations amid tighter checks and weak markets
Industry players say tighter oversight in Hong Kong and weak investor demand have put mainland Chinese issuers in a bind, leading many small-cap non-tech firms to delay fundraising or cancel plans at the last minute. On Tuesday, state-owned Jiangsu Slender West Lake Culture and Tourism postponed its HK$227 million listing.
Hong Kong sees last-minute IPO cancellations amid tighter checks and weak markets
Economy