Hong Kong to resist kneejerk regulation



Hong Kong financial services industry professionals should expect more regulation related to the sale of investment products to retail investors. But the Securities and Futures Commission (SFC) will strive not to overreact to calls for greater supervision, according to comments made by its chief executive, Martin Wheatley, to an industry gathering in Hong Kong last month.

Wheatley said previous crises such as the Great Depression or the accounting scandal at US energy giant Enron ushered in sweep

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