Hong Kong IPO cancellations surge as regulatory scrutiny and weak demand hit mainland issuers

Hong Kong's stricter regulatory checks and weak investor appetite are forcing small-cap mainland Chinese issuers to postpone or cancel IPOs at the last minute, with SWL Tour the latest to shelve a HK$227 million listing. This reflects a broader tightening of listing conditions and deteriorating market sentiment, potentially signaling reduced capital-raising activity in Hong Kong.

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