Hong Kong tightens markets regulations

HONG KONG - Hong Kong legislators yesterday passed into law long-awaited legislation aimed at significantly tightening regulation of the territory's capital markets.

The key changes in the law include giving the market regulator, the Securities and Futures Commission, wider powers to bring criminal or civil suits against market offenders.

It will also require shareholders to provide higher levels of disclosure of ownership.

First conceived some 13 years ago, the law combines regulations spread o