McKinsey’s managing partner for Greater China Joe Ngai, and his counterpart at EY Jack Chan Hoi both agree HKEX should only let start-ups that have solid business models and high prospects of profitability list on its New Board. Photo: SCMP

HKEX urged not to let start-ups list too soon

Top regional officials at McKinsey’s and EY warn exchange to be ultra-careful and selective in choosing which firms can list on proposed New Board

Topic |   IPO

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McKinsey’s managing partner for Greater China Joe Ngai, and his counterpart at EY Jack Chan Hoi both agree HKEX should only let start-ups that have solid business models and high prospects of profitability list on its New Board. Photo: SCMP
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