News Snapshot:
HKEX to establish overseas offices in US, Europe to attract more foreign IPOs and investments Hong Kong ’s initial public offering ( IPO ) market saw the lowest fundraising rate in 12 years, with IPO proceeds in May slumping to less than $140 million, and totaling a record low of $2.21 billion for the first five months of 2022. Amid the market ’s grim outlook, the Hong Kong Exchanges and Clearing ( HKEX ) plans to establish two international offices , in the United States and Europe, to appeal to more investors abroad, Nicolas Aguzin , HKEX ’s Chief Executive...
