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A capital clean-up job
HOME > PAST ISSUE > PERSPECTIVE [Premium content]July 2006
With share price-stifling problems all but resolved, regulators must focus on ensuring strong corporate governance
Tspectacle of thousands of people lining the Hong Kong sidewalks for the chance to buy shares in Bank of China (BOC) evoked memories of the great share booms of the early 1970s. In those days, places in the queue for hot new issues were bought and sold, occasionally with triad assistance, and lively secondary markets sprang up in application forms. The atmosphere now is less frenetic - but over a million punters still put their hands up for BOC and the float was a huge success.
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