Outdated rule on lock-ups is one reason why Malaysia's IPOs outstrip Hong Kong's

Everyone knows that Hong Kong's IPO market is going through tough times. New deals are rare, depriving punters of a once favoured way of betting on equities and generating quick gains.

Less appreciated, however, is the extent to which arcane practices on cornerstone investors hold back primary issuance.

To understand this point, it's helpful to compare Hong Kong's new listings with Malaysia's.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1070474/outdated-rule-lock-ups-one-reason-why-malaysias