The Hong Kong Stock Exchange (HKEX) is no longer in the top three global listing venues due to stringent COVID-19 measures and Beijing’s crackdown on private enterprises; analysts believe IPOs in Hong Kong are unlikely to recover in the short term.
According to a Bloomberg report on Oct. 29, initial public offerings in Hong Kong have raised $37.8 billion so far in 2021, behind the Nasdaq, New York Stock Exchange, and Shanghai.
