Hong Kong reopen for ECM business, for now

Hong Kong's ECM market is busy again as issuers take advantage of renewed investor confidence. What a contrast with the autumn when block trades, especially, were hammered.

Hong Kong reopen for ECM business, for now

New issues activity is picking up steam in Hong Kong ahead of Christmas as rising markets and China’s recent interest rate cut boosts investor appetite for stocks after a lull in the autumn.

By the close on Monday, Hong Kong’s Hang Seng index had put on 2.5% while the Shanghai Shenzhen CSI 300 Index had risen 15% as the surprise policy easing in China on November 21 and start of the Shanghai-Hong...

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