Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
Uber-Like Truck-Rental Startup Mulls IPO After Breaking Even
In Depth: Is China’s Animation Industry Ready to Take Off?
LATEST
In Depth: Is China’s Animation Industry Ready to Take Off?
Uber-Like Truck-Rental Startup Mulls IPO After Breaking Even
China Evergrande Plans to Build Electric Cars, Batteries in Qingdao
Terry Gou-Backed LCD Panel Plant Seeks Cash Injection
Self-Driving Taxi Industry to Hit Key Inflection Point Next Year, Insider Says
Video App Kuaishou Mulls U.S. IPO, Raises Funds at $25 Billion Valuation
London Stock Exchange Bid in the Works For Long Time: HKEx Chairwoman
Chinese Investors React Coolly to Signs of Easing Trade Tensions
Kweichow Moutai Toasts Long-Term Partnership With Chinese Genomics Giant
After Opening Gates to Outside Food, Disney Clarifies What Is and Isn’t Allowed
Chinese Scientists Edit DNA in Attempt to Cure Man’s Cancer, HIV
China's Electric-Car Sales Drop for Second Straight Month
Fosun Biotech Unit Henlius Aims to Raise $477 Million in Hong Kong IPO
Huawei Drops Case Against U.S. Over Detained Telecom Gear
Chinese Netizens Cheer as Apple Compares Itself With Huawei for the First Time
World-Leading Crypto Platform Tightens Grip on HK-Listed Entity
The Factory Breeding Bloodsucking Mosquitos to Fight Disease
The Tough Transition Facing China’s Money-Market Funds
Tencent-Backed Secondhand Goods Trading Platform Secures $300 Million in Series B
Huawei Says U.S. Needs to Talk to Company for China Trade Deal
Hong Kong Stock Exchange Chief Vows to Root Out Corrupt ‘Vermin’

By Wei Yiyang and Zhao Runhua / Jun 14, 2019 04:38 PM / Finance

Charles Li. Photo: VCG

Charles Li. Photo: VCG

The Hong Kong stock exchange will eliminate any “vermin” among its ranks, chief Charles Li has told reporters, referring to recent reports of internal corruption on the bourse.

Hong Kong media reported earlier this week that a stock exchange official had colluded with IPO sponsors to approve listings by companies that had failed to meet official requirements, in exchange for large bribes. Caixin was unable to verify the reports.

Li said after a listing ceremony on Thursday that he was aware of the reports.

“Even a perfect mechanism might have rotten apples,” Li said, while stressing that he believed existing rules for the Hong Kong Stock Exchange left little room for corruption. Li declined to comment further, citing the bourse’s internal information disclosure rules.

Related: HKEx Chief Charles Li Tells Alibaba ‘Welcome Home’

Contact reporter Zhao Runhua (runhuazhao@caixin.com)

Share this article
Open WeChat and scan the QR code