NEW YORK, June 10 |
NEW YORK, June 10 (Reuters) – The U.S.-listed Chinese
companies running into accounting problems would not have been
able to list in Hong Kong, Hong Kong Exchanges and Clearing Ltd
(0388.HK) Chief Executive Officer Charles Li told cable network
CNBC on Friday.
He added that while the U.S. exchanges are
disclosure-based, the Hong Kong Exchange is prescriptive,
requiring companies to do certain things before they list.
He also said that a slowing economy in China would not
affect listings.
(Reporting by Clare Baldwin, editing by Gerald E. McCormick)