The crackdown on Hong Kong’s democracy movement has hit many Hong Kong citizens hard. Some surveys conclude that hundreds of thousands want to emigrate because of Beijing’s heavy hand, or at least are thinking about it. In contrast, the permanent political quake has not had any negative impact on the Hong Kong stock market so far. On the contrary: Despite the new security law passed last June, Hong Kong’s stock exchange operator HKEX raised more money in 2020 than at any time since 2010, with companies raising $51.3 billion in 154 IPOs.
Continue reading now
Get 30 days of free access to the Professional Briefing to read these and more quality news every day.
Are you already a guest at the China.Table? Log in now