Hong Kong Exchange Boss Defiant Over China Crackdowns Impact


Source: asiafinancial.com asiafinancial.com

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HKEX chief Nicolas Aguzin says Beijing’s ongoing rule changes won’t affect IPOs and trading volumes despite the Hang Seng Index hitting its lowest point in a year China’s continuing regulatory assault on its tech, real estate and gaming firms won’t have a long-term impact on trading volumes and IPOs on Hong Kong’s trading floors. That’s the view of the chief executive of the Hong Kong stock exchange, who shrugged off worries that Beijing’s crackdowns will affect initial public offerings and equities turnover in the Asian financial hub. Crackdowns by mainland authorities on a range of industries in recent months have...