Hong Kong’s IPO rally under scrutiny, as ZTE hits new U.S. headwinds
Hong Kong's stock regulator has warned IPO underwriters over the declining qualiy of new listing applications. Is this a red flag for the city's booming IPO market, or just the usual regulatory caution? And the U.S. could fine telecoms equipment maker ZTE $1 billion for bribery in Brazil. Why does Washington think it can force ZTE to pay such a large amount?
NEWS BRIEF: Best Mart 360 shares tumble after CEO’s arrest
Best Mart 360 Holdings Ltd. (2360.HK) announced that its CEO Hui Chi Kwan was arrested by Hong Kong’s Independent Commission Against Corruption (ICAC) last Thursday in connection with a bribery…
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