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Hong Kong’s banks and brokers are waiving a range of fees for retail investors eyeing the airport operator’s highly anticipated HK$5 billion (US$641 million) bond, the first targeted at the general public in 20 years.
Thirty local brokerages have closed down this year, after a record 49 shut shop in 2022, as the Hong Kong stock market heads into its fourth year of declines, the longest losing streak in its history.
The prolonged Hong Kong stock market slump is the reflection of a persistent slowdown in the economy. The historic slow growth in Hong Kong’s $4.6 trillion stock market has forced thirty local brokerages to close down this year