Hong Kong’s IPO Momentum Is Now Clouded by Political Turmoil

(Bloomberg) — Hong Kong’s stock exchange was having a good week until Beijing crashed the party.Seen as one of the potential big winners from a bill last week by the U.S. Senate to limit listings of Chinese companies, Hong Kong Exchanges & Clearing Ltd. now faces what could be an even more rocky year than 2019, when political unrest cooled trading and brought revenue growth to a near standstill.The bourse’s shares on Friday had their biggest tumble in a year as investors absorbed Beijing’s proposal to impose security legislation on the semi-autonomous city. Protesters held their biggest rally in months …read more

Source:: Yahoo Finance

Discover Tomorrow’s Winning Stocks!
Get our latest stock reports before everyone else! Actionable news, and breakout stocks w multi-bagger upside potential — delivered directly to your inbox.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.