Hong Kong clings to IPO crown despite protest turmoil

Mainland businesses eye listings closer to home as U.S.-China trade frictions continue

20191215N HKEX

Jan Craps, left, CEO of Budweiser Brewing Co. APAC, attends the listing ceremony at the Hong Kong Stock Exchange on Sept. 30. © Reuters

TAKESHI KIHARA, Nikkei staff writer

HONG KONG -- Hong Kong is expected to remain the top market for initial public offerings in 2019, benefiting from a couple of large-scale listings that came despite the ongoing pro-democracy protests in the Chinese territory.

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