The money paid by banks in fines currently goes to the government, not investors, in cases where they failed in their IPO duties. Photo: Martin Chan

Financial watchdog SFC has fined 10 banks almost HK$1 billion for IPO failures … but investors got nothing. Now they’re demanding change

  • Investors want compensation from banks found to have neglected their IPO sponsorship duties in cases where a firm collapses shortly after listing
  • Hong Kong lawmaker Kenneth Leung said the city could consider setting up a compensation fund for IPO investors by collecting a fee from each new listing
Topic |   SFC
The money paid by banks in fines currently goes to the government, not investors, in cases where they failed in their IPO duties. Photo: Martin Chan
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