HONG KONG -- New equity fundraising in Hong Kong sunk to a two-decade low last year amid disappointment over China's economic recovery, and some are warning that there are no signs the city's IPO market will improve in 2024.
Markets
Hopes for a Hong Kong IPO recovery hinge on two big ifs
Hang Seng Index continues to drop as investor confidence disappears
Hong Kong hosted 73 new listings last year, but the lack of mega deals meant the total raised was just 46.3 billion Hong Kong dollars ($5.92 billion). © Reuters
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