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HKEX Special

Hong Kong Exchanges and Clearing enjoys a special role as an international fundraising platform within mainland China’s multilayered capital markets. Photo: EPA

Hong Kong’s IPO market loses out to New York, Shanghai and Shenzhen rivals

Given the uncertainties over growth in mainland China’s economy and more US interest rate hikes, total fund raising in Hong Kong in the first quarter of 2017 was lower than in the corresponding period in 2016, and the city lagged behind New York, Shanghai and Shenzhen as the fourth