Hedge Funds Push Back on HK Draft Rules for 'Market Soundings'.

Hong Kong's proposed rules for "market soundings" have been criticized by one of the world's largest hedge-fund associations. The draft guidelines aim to increase oversight on non-public information sharing practices between brokers and potential investors ahead of deals. However, the association argues that these rules would put Hong Kong at a disadvantage compared to other major jurisdictions and could lead to international market participants conducting business outside of Hong Kong. The Securities and Futures Commission is currently considering the feedback received during the consultation period. [Extracted from the article]