HONG KONG -- Hong Kong plans to cut the time lag between pricing an initial public offering and the start of trading to as little as one day, in the biggest reform of the way companies join the city's stock market in over two decades.
The Asian financial hub's stock exchange operator revealed plans for the long-awaited changes in a consultation paper on Monday. The reforms, which would cut listing time from five business days, would bring Hong Kong Exchanges and Clearing's IPO timeline in line with the best in the world and boost its allure as it vies with American and China mainland exchanges for business.
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