Hong Kong considers further steps to revitalise stock market while economic challenges persist
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Hong Kong's Chief Executive, John Lee, announced that the government is exploring additional measures to strengthen the city's securities market. The proposed measures aim to stimulate the market through enhanced transaction mechanisms and investment services. The backdrop for these considerations includes China's economic slowdown and capital flight, with the Hang Seng Index falling sharply by about 14% in 2023. The city also experienced a 28.5% drop in the value of IPOs in the first quarter of this year. Despite the challenges, Lee expressed confidence in Hong Kong's resilience and highlighted the government's focus on ensuring sustainable growth in the stock market and enhancing overall market competitiveness.

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https://www.wionews.com/business-economy/hong-kong-considers-further-steps-to-revitalise-stock-market-while-economic-challenges-persist-708887