Hong Kong’s lackluster inventory market epitomizes the challenges that town is grappling with—China’s financial slowdown, which appears more and more structural, and Beijing’s tightened grip on the semiautonomous metropolis.
Neither difficulty appears more likely to disappear quickly, though China’s economic system may enhance a bit cyclically subsequent 12 months. Weak third-quarter outcomes launched Friday by Hong Kong Exchanges and Clearing—the market’s proprietor and operator—are the most recent signal of how entrenched town’s issues have grow to be.
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