Geopolitical tensions and regulatory backlash in the US against Chinese stocks are working in the city’s favour
[HONG KONG] Hong Kong is well on track to finish 2025 as the world’s top initial public offering (IPO) market, leaving the New York Stock Exchange in the dust.
The catalysts behind this unexpected rebound from a prolonged lull are not lost on Cheah Cheng Hye, a prominent investor in Chinese stocks and, for the past eight years, an independent board member of Hong Kong Exchanges and Clearing, the parent company of the Hong Kong Stock Exchange (HKEX).
Cheah, who is also a co-founder of Hong Kong-based investment firm Value Partners, traced the resurgence to the first week of November last year, when Donald Trump secured his second term as US president.
