HK's new listing regime may not be game changer for startups, investors

HK's new listing regime may not be game changer for startups, investors

Photo by Jude Joshua on Pixabay.

The Hong Kong government’s new initiatives including a $3.8-billion industry development fund and revamp of listing norms may not be a game changer for the city’s startups and their venture investors seeking exits at a time of market volatility.

Hong Kong chief executive John Lee announced a series of measures to spur the city’s economic development in his maiden policy address on Oct 19. Some of the key initiatives include setting aside a HK$30-billion ($3.8 billion) fund to invest in businesses and projects that help to foster local industry development, as well as lowering the listing threshold for tech firms.  

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