Hong Kong ignores adverts

Author: | Published: 1 Feb 2009

Despite lobbying by companies and businessmen, a source close to the Hong Kong Exchange says regulators remain determined to extend the blackout period on director trading.

Speaking exclusively to IFLR following last month's specially convened meetings of the listing committee and Legislative Council, the source revealed why the Exchange decided to pursue extensions to the blackout period but postpone implementation.

"Consultation is not about making rules by majority, or by who has the loudest voice or the most money to lobby in the newspapers," said the insider. "The blackout extension is intended to curb insider trading...