Lawyers in Hong Kong have called for the
introduction of a US-style market-driven regulatory incentive
Standard Chartered’s Asia head of
group listings, Bill Wang, said Hong Kong’s
Securities and Futures Commission (SFC) needed to embrace a
more market-driven model than the city’s current
unilateral regulatory framework. This would ensure adequate
internalisation and sponsor compliance with the spirit of
regulatory requirements and procedures.
"You need both carrot and stick – you need some
kind of recognition...