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Hong Kong’s capital market posts best nine months since 1980 as Chinese companies redirect IPOs closer to home from New York



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The capital market of Hong Kong is having its best nine months on record, as a flurry of Chinese companies redirected their fundraising exercises to the city from New York amid lingering US-China geopolitical tension.As many as 71 companies raised US$35.9 billion in the first nine months of 2021 through initial public offerings (IPOs) and secondary listings in Hong Kong, according to data compiled by Refinitiv. That was a jump of 25 per cent from the same period last year, making it the best…

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