The amount of money collected in Hong Kong through initial public offerings (IPOs) fell to an all-time low last year.
Over 16% of the value of the city’s benchmark Hang Seng share index has been lost in the past year.
The Chinese securities regulator declared last week that it would back Hong Kong’s share offerings.
In an effort to strengthen Hong Kong’s standing as a global financial center, the watchdog also intends to loosen restrictions on stock trading connections between the city and the mainland.
Other stories
-
Look, there are no hands! My journey on the autonomous bus in Seoul
-
The most recent company to stop running ads on X because of antisemitism is Hyundai.
-
Biden would provide $6.6 billion to Taiwan’s TSMC to increase semiconductor manufacture in the US.
-
My children must be straight—Stonebwoy on LGBT
-
See the first-ever meeting between a 70-year-old Ghanaian living in the UK and his daughter whom he gave away 45 years ago.
You must be logged in to post a comment.