HK SFC Raises Concern Over Rise in 'Going Concern' Qualified Audit Opinions for Listed Companies

36Kr reports that the HK SFC, HKICPA, and HKEX issued a joint statement today to address growing regulatory concerns regarding an increasing number of listed issuers receiving 'unable to express an opinion' audit opinions solely due to going concern issues. The regulators will continue to monitor the situation closely and take appropriate regulatory, disciplinary, or enforcement actions if any misconduct or non-compliance is discovered. If the situation does not show significant improvement, HKEX will consider amending the Listing Rules as needed, including requiring trading suspensions for listed issuers whose financial statements contain such qualified opinions.