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Hong Kong exchange backs down on contentious plan to double profit qualification for IPOs after outcry
Aggregated Source: ChinaLegalBlog.com

Hong Kong Exchanges and Clearing Limited (HKEX) has decided to water down its proposal to drastically raise the profit qualification for a Main Board listing in the world’s third-largest stock market, yielding to strong opposition to the plan, according to a source close to the exchange.…

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