Grant Thornton Report Says Hong Kong Delistings Outnumber Relistings for First Time in Three Years

A report by accounting firm Grant Thornton says that in the 12 months to August this year, Hong Kong had 35 delistings and only 21 relistings, the first time in three years that delistings outnumbered relistings. The report believes that after the Evergrande liquidation and unrelated IPO fraud cases, Hong Kong securities regulation tightened, and regulators raised resumption requirements across the board.