Censure of Mr Fu Jiwen, absent former ED of Huarong Int Fin (0993)
SEHK, 3-Apr-2018
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.

• Orgs
  • Huarong International Financial Holdings Limited
• Topics
  • Financial regulatory structure