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MARK CHAN

Soaring share prices in "bad bank" China Cinda Asset Management, which became Hong Kong's biggest IPO this year after its launch last week, confirmed what many investors have anticipated for some time: Hong Kong's initial public offering market is finally back on track.

A lot has been said about the recent amendments to the listing regime, which comes into effect on October 1. Many people see these changes as a positive step to protect investors' interests, but there are others who view them as overly onerous and unnecessarily restrictive, especially in this stormy market where there seem to be more typhoons than successful listings.

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