China s New Plan to Boost Hong Kong IPOs Faces Major Hurdles bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
China’s vow to encourage the nation’s leading companies to list in Hong Kong is helping spur a rare surge in the $5 trillion stock market, but dealmakers aren’t ready to turn optimistic. The Hang Seng Index jumped about 9 percent last week for its best gain since 2011 after China’s…
Shares of the Chengdu-based company were headed for the worst first-day performance since 2015 for any IPO that raised at least $300 million in Hong Kong.