Will diversification restore Hong Kong’s IPO title? Think tank maps out plan

Will diversification restore Hong Kong’s IPO title? Think tank maps out plan

City can regain ground by attracting new economy companies and issuers from across Asean, Middle East and Europe, FSDC says

“Hong Kong should continue to find ways to diversify both its listing issuers as well as potential future investors,” said Benjamin Hung Pi-cheng, chairman of the Financial Services Development Council (FSDC), at a media briefing on Wednesday. “That form of diversification enhances the quality rather than [simply] focusing on quantity.”

Hung said the city could still attract a lot of new economy companies to list, and could regain ground by drawing issuers from across Asean, the Middle East and Europe.

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