Hong Kong might have cause to celebrate the PWC report: 97% of the funds raised in the Greater China region were raised in the SAR. Yet it also has much to fear. Always an emotional and volatile market, the Hang Seng Index whipsawed its way through early May after global market wobbles.
“After the first 400 points drop last week, people said: ‘OK, it’s a correction’,” says one equity syndicate head. “It fell another 200, went up 400 and now’s it’s down another 400.
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