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“And the mainland is [Chinese] The economy is stable and improving. “These factors will create a positive atmosphere for investment sentiment and asset markets,” he said.
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Hong Kong stock market falls below the 15,000 yen level, the lowest in 15 months
Hong Kong stock market falls below the 15,000 yen level, the lowest in 15 months
Profits in the Year of the Dragon ranged from 0.5% in 2000 to 33.4% in 1988, according to Bloomberg data.
“A variety of factors have made us cautiously optimistic about the Year of the Dragon,” Zhang said. “The most important thing is to work together with everyone to think of more solutions, innovate and find opportunities for good development in the future.”
The market can certainly work out with some luck. The Year of the Rabbit, which ended on February 9, was a disastrous year for domestic stocks, with the Hang Seng Index dropping a record 29%.
American economist Stephen Roach said in an op-ed in the Financial Times on Monday that Hong Kong’s best days are “over.”
“We understand that many people have seen recent reports about some stakeholders taking a pessimistic view of the Hong Kong market, and that Hong Kong’s best days are behind them,” Cha said. “I am doing so,” he said.
“I totally disagree. We recover and bounce back every time. Even if others say, ‘We’re heading for the bottom,’ we always rebound and make new highs.”every time [Hong Kong] He has proven his strength and resilience.
“Hong Kong remains a free and open market, so it is inevitably affected by the macro environment.”
He pointed to the city’s many advantages, including the rule of law and market transparency, which he said will support the recovery and restore investor confidence.
“For Hong Kong Exchanges, 2023 was marked by three things: a difficult macroeconomic and geopolitical backdrop, strong results, and important strategic realizations.”
Mr. Aguzin said that despite the challenges posed by the broader economic environment, the city’s markets continued to show resilience, with trading volumes in derivatives, bonds and ETFs reaching record highs.
He said there was hope on the horizon, with many “opportunities to seize” in front of us, including the clean energy transition, new technologies and Asia’s increasing relevance to the global order.
“As China continues to grow, [and] As Asia becomes more and more representative of the world, this part of the world will need places like Hong Kong to provide access to opportunity,” said Aguzin.
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