Is Hong KongÆs role as a fund-raising hub threatened?

PricewaterhouseCoopers says no, but Credit SuisseÆs head of China research sees increasing competition between China and Hong Kong.

The surge of initial public offerings in Shanghai and Shenzhen last year has caused concern among Hong Kong-based financial services companies that their IPO-related businesses are about to be snapped up by their Chinese counterparts. Adding further to these worries, PricewaterhouseCoopers PWC last week projected that a continued lack of mega IPOs will result in less funds raised in Hong Kong in 2008 than in 2007.

However, PWC believes Hong Kong will maintain its competitiveness as a...

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