Matthew Brooker on LinkedIn: Hong Kong’s Stock Slump Triggers Wave of Brokerage Closures
Thirty Hong Kong brokerages have closed down this year, after a record 49 shut up shop in 2022. The Hang Seng Index is heading for a fourth year of declines…
LinkedInMatthew Brooker

From the article: "Thirty Hong Kong brokerages have closed down this year, after a record 49 shut up shop in 2022. The Hang Seng Index is heading for a fourth year of declines, the longest losing streak in the gauge’s history, and the IPO market having its worst year since 2001. The prolonged slump and the job losses are adding to questions about the future of the city’s position as Asia’s top international finance center in the wake of Hong Kong’s extreme pandemic curbs and Beijing’s imposition of national security legislation."

#hongkong #stockmarket #nsl