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

Get our FREE Newsletter! Discover Stocks with +1,000% Upside Potential!
Join over 100,000 investors and business leaders worldwide. Discover the Next Super Stock before the rest of the crowd.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.