Censure of Mr Fu Jiwen, absent former ED of Huarong Int Fin (0993)

He was an ED until 2-Sep-2015. Subsequently, he failed to respond to investigation enquiries by the Listing Department of the Stock Exchange. It's another demonstration that the Exchange is an ineffective regulator - it is a for-profit company without statutory investigative powers. The listing regulatory function should be moved to the SFC, which could then at least seek co-operation from its mainland counterpart.

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