Exclusive: Hong Kong U-turn

Author: | Published: 1 Mar 2009

Despite fighting talk in January, Hong Kong's listing committee has backed down and shortened the blackout period extension, bowing to pressure from company lobbyists – and the regulator.

The Securities and Futures Commission has pressured the listing committee to shorten its extension to the blackout period (set to come in on April 1), and re-open consultation on quarterly reporting.

A source close to the exchange exclusively told IFLR: "The SFC gave the...