Hong Kong's market for initial public offerings (IPOs) is suffering from another sluggish start in 2024. Once a beacon of hope for retail investors looking for a windfall and a lucrative source of fees for investment bankers, listings have instead become a source of stress and job insecurity due to a drop in such activity. This year, five companies have raised HK$2.18 billion (US$279 million) from their stock offerings in the first two months, according to data compiled by London Stock Exchange
The 2024 Summer Olympics, officially the Games of the XXXIII Olympiad and also known as Paris 2024, are scheduled to take place from July 26 to August 11, 2024, with Paris as the main host city. Games will also be hosted in 16 cities across France, and one in the French overseas territory of Tahiti.
China's financial officials promised to "go all out" to highlight Hong Kong's "unique advantages" as Asia's financial powerhouse and as the mainland's link to the rest of the world. "Hong Kong has always been an important link between our motherland and the rest of the world," Chinese Vice-Premier He Lifeng said in pre-recorded remarks at the Hong Kong Monetary Authority's (HKMA) Global Financial Leaders' Investment Summit. "Hong Kong has a unique advantage as an international financial centre."