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Readers discuss the reaction to a proposal to site a new museum showcasing national achievements, negative perceptions of Hong Kong, and Moody’s downgrade of Hong Kong’s credit. ....
Edmond Hui, Bright Smart Securities: "This wave of closings and layoffs affecting brokerage houses is the most severe we have ever seen"A historic drop of $4.6 trillion in the capitalization of the Hong Kong Stock Exchange is being felt in the city's financial industry, according to a Bloomberg analysis, which shows that 30 local brokerage houses have closed this year after a record of 49 houses closed in 2022. ....
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 ....