Walk down memory lane at 1 Razak Mansion's Restoran Lian Wah to discover old school 'wantan mee' with herbal soupThe Hong Kong Stock Exchange is only the 11th-largest venue for initial public offerings this year, with merely US$2.7 billion raised through the third quarter, a shadow of its top position in most of the last decade.
The heads of Blackstone Group, Carlyle Group, Citadel and others will also speak at the event, which focuses on the main theme of “living with complexity”.The executives are coming to Hong Kong as the city has shed hundreds of banking and asset management jobs because of the slowdown in China dealmaking and the tightened regulatory grip on the market since the inaugural summit last year.
The Hong Kong Stock Exchange is only the 11th-largest venue for initial public offerings this year, with merely US$2.7 billion raised through the third quarter, a shadow of its top position in most of the last decade. The territory's assets under management fell by 14 per cent in 2022, official data showed.
“And senior people in the financial sector are keenly aware of those issues, even if they don't discuss them publicly,” Beddor said.Hong Kong's financial job market, which saw an exodus of foreign employees during Covid, is unlikely to recover in the near term amid a challenging operating environment, recruiters and industry insiders say.