According to Hong Kong Ming Pao, the Hong Kong Securities and Futures Commission is consulting the industry on margin financing for IPO subscriptions, including the potential return to a 10% deposit requirement. Under the proposed rules, the maximum financing ratio for subscribing to IPO shares would be 90%. Some brokers previously offered up to 200x leverage, raising concerns over potential risks. The new rules would allow a reduction in the deposit if clients provide stock as collateral. Relevant guidelines are expected to be released soon.