#equity in name debt in substance

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#finance #hong kong stock exchange #initial public offering #ipo pricing distortion #jiahua capital #markets #price discovery mechanism #securities and futures commission #song xiangqian

Song Xiangqian Criticizes Hong Kong IPO Market Distortion
Hong Kong's IPO market distorts pricing through debt-like structures, warns Jiahua Capital CEO.
BigGo Finance · 1m