Protesters march against the skyline of Hong Kong island on July 7, 2019. Photo: AP

Hong Kong’s stockbrokers face a bleak second half as job cuts loom amid shrinking trading volume and dwindling fundraising plans

  • The average daily turnover of the stock market shrank 23 per cent in July from last year to HK$68.7 billion (US$8.76 billion), while IPO also fell this year
  • The total commission income for the industry was down by about HK$40 million in June and July compared with a year earlier, brokers estimate
Topic |   HKEX

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Protesters march against the skyline of Hong Kong island on July 7, 2019. Photo: AP
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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.