Hong Kong prepares for influx of listings from mainland China
- Beijing's recent measures will lead to more capital flows into Hong Kong equities, becoming a key driver of the city's growth in the Year of the Snake, according to the regional chief economist at ANZ Banking Group.
- Hong Kong's economy is expected to grow between 2.5 and 3 percent in the Year of the Snake, as stated by Yeung in a briefing on the outlook for the Lunar New Year starting on January 29.
- The People's Bank of China Governor Pan Gongsheng said Beijing would increase the 'asset allocation operation in Hong Kong' from the nation's US$3.2 trillion foreign exchange reserves.
- Regulators would encourage 'more high-quality enterprises to list and issue bonds in Hong Kong,' as mentioned by Pan.
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Hong Kong’s New World Development Faces Turmoil Amid Debt Woes and Leadership Shake-Up - CEOWORLD magazine
Hong Kong’s New World Development, long considered a stable pillar among the city’s “big four” property dynasties, is facing mounting challenges as it grapples with debt concerns, leadership transitions, and liquidity pressures. In a tumultuous week, the company pledged $15 billion worth of prized assets as collateral for loans, addressed speculation about debt restructuring, and […] The post Hong Kong’s New World Development Faces Turmoil Amid …
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