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Markets

Hong Kong plans IPO overhaul to help vie for listings

Proposals to shorten time lag between pricing and start of trading

The Hong Kong Stock Exchange's chief executive said it had to innovate to protect its "global leadership position." (Photo by Rie Ishii)    © Reuters

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.

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