Hong Kong, China and IPOs
Hong Kong's bourse operator reported a 10% rise in annual profit, helped by sharp increases in trading turnover and new company listings, and said it was optimistic that a pickup in Chinese economic activity would help its prospects.
In cards you play the cards you’re dealt, and Hong Kong Exchanges and Clearing looks at last to have a decent hand. Chief Executive Bonnie Chan caps her first year with the delivery of annual results on Thursday.
China is increasing scrutiny of outbound investments by domestic companies as well as their use of proceeds from Hong Kong share sales, people familiar with the matter said, after record capital outflows put pressure on the yuan.
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