Richard Mak
Richard Mak
Richard Mak, CFA, is president of CFA Society Hong Kong. He is the head of product and business management (Asia) at Pictet Wealth Management. He has over 30 years of experience in the financial industry, with 17 years in equity investments, and has been advising private clients on global investments since 2003.

Neither the high P/E ratio of listing applicants nor the existence of ‘shell’ companies justifies a move that could shut many small-cap and start-up firms from a fundraising platform. Instead, the exchange should consider lowering or even removing the profit requirement.

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