Friday, 24 March, 2023

As Profits Decline, Hong Kong Exchange Suggests Relaxing IPO regulations for Tech Companies

<p>The operator of Hong Kong&#39;s stock exchange reported a third-quarter earnings decline of 30%, exceeding analyst estimates for a worse decline, and claimed there were indications of new impetus in the market for initial public offerings. In an effort to boost declining listing revenues, Hong Kong Exchanges and Clearing Ltd (HKEX) also said that it had started a two-month consultation to make it simpler for tech-specialized companies to float in the market.</p>