Hong Kong, China 2020 IPO Market Will Do Fairly Well, Says KPMG’s Chu

The transcript discusses the performance of the Hong Kong and mainland markets in 2019, highlighting key factors such as Alibaba's return to the Hong Kong market and the impact of the Stock Connect program. It also covers expectations for 2020, including the influence of China's new securities laws and the registration-based system. The challenges faced by high-profile IPOs and the ongoing protests in Hong Kong are also addressed, along with the resilience of the market due to international institutional investors.

What major event in 2019 is expected to boost interest in the Hong Kong market in 2020?

• The introduction of a new currency

• Alibaba's return to the Hong Kong market

• The launch of a new stock exchange

• A decrease in interest rates

What is the main benefit of the new registration-based system for listings in China?

• It reduces the tax rate for listed companies

• It simplifies the listing process for companies

• It allows for more frequent trading

• It increases the number of foreign investors

Which sector is expected to benefit from the new listing regime in Hong Kong?

• Retail

• Automotive

• Emerging technology and life sciences

• Real estate

What challenge is mentioned as affecting the macroeconomic picture in Hong Kong?

• Rising inflation

• Natural disasters

• Trade embargoes

• Domestic protests

Despite recent challenges, what is the outlook for the Hong Kong market in 2020?

• It is expected to decline significantly

• It will remain stable with no growth

• It will face severe economic downturns

• It is expected to perform well