Asian stock market regulators 1, cheats 0. Yesterday the Hong Kong Securities and Futures Commission won a court order for Hontex to repay its listing proceeds to minority shareholders. The Chinese textiles group was accused of making false and misleading statements in the build-up to its 2009 initial public offering. This is a breakthrough for Hong Kong investors. About time: a raft of corporate governance scandals has crushed enthusiasm for Chinese-listed companies in recent months.
亞洲股市監管機構得1分，欺詐者零分。昨日，香港證監會(SFC)贏得法庭命令，要求洪良國際向少數股東退還其上市所得。該公司被指在2009年首次公開發行(IPO)期間進行了虛假和誤導性的陳述。對香港投資者而言，這是一個重大突破。早該如此：最近幾個月一系列的企業治理丑聞，澆滅了投資者對中國上市公司的熱情。
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