Hong Kong stock market thrives, refutes doom from US economist.

February 15, 2024
1 min read

TLDR: The chairperson of Hong Kong’s stock exchange operator, Laura Cha, has defended the city’s stock market following comments by US economist Stephen Roach that it is “over”. Cha attributed the recent underperformance of the market to macroeconomic factors and a sluggish Chinese economy. Although Roach argued that the city’s stock market has performed poorly over the past 25 years, Cha disagreed, stating that she believes investors will return once the macro situation changes. She also emphasised that Hong Kong’s fundamentals as a financial sector remain strong and the factors that have made it successful have not changed.

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