HK new listings volume sinks to 9-year low amid slowdown in China

Hong Kong‘s new listings volume plunged 90% to a nine-year low this year, data showed, as China‘s sharp economic slowdown and its regulatory drive cast a long shadow over the city’s prospects as a destination for initial public offerings (IPOs).

The drying up of share listings in Hong Kong bodes ill for investment banks, who make about a third of their revenue in the region from equity capital market deals, and for the Chinese-ruled territory’s status as a global financial hub.

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