, Columnists
Mr. China's Hong Kong Call Is No Idle Boost
Exchange CEO Charles Li sees a big year for initial public offerings. The winds are in his favor.
Seeing good times ahead.
Photographer: Anthony Kwan/Bloomberg
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When the chief executive officer of the stock exchange predicts good times ahead for the market, a measure of skepticism is usually merited. After all, it's part of the job to keep investor spirits up and give people a reason to trade. In the case of Charles Li, though, there's good reason to take him at his word.
This will be a big year for initial public offerings “no matter what,” the CEO of Hong Kong Exchanges & Clearing Ltd. told the Bloomberg Invest Global Summit on Monday. The underlying capital market is “very strong and very resilient” despite the challenges it faces, Li said.