The Hong Kong stock market has fared well during the downturn compared to its Western counterparts, having come down by only 13% in 2009 from the previous year. This is compared with an average drop of 51% in the LSE during the same period, according to the Executive Vice President of the Hong Kong Exchanges & Clearing, the securities and futures exchange.
Hong Kong is a key international fundraising platform in Asia, and it has tightened its listing rules to ensure the quality of the companies coming onto the market. In fact, the HK rules are more onerous than UK listing rules in all instances.
Abchurch has extensive experience of this market, having carried out the financial communications surround the dual listing of its client RCG on the Hong Kong Stock Exchange, which was featured as one of the case studies at the Forum.