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Article: HONG KONG'S FINANCIAL INDUSTRY CONTINUES TO GAIN MOMENTUM.

Article from:
AsiaPulse News
Article date:
July 4, 2005
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HONG KONG, July 4 Asia Pulse - As an international financial center, Hong Kong development in the past eight years has been encouraging and it is continuing to gain momentum.

Stock, bond, insurance, and foreign exchange markets have all demonstrated strong and sustainable growth since Hong Kong returned to the motherland in 1997.

Paul Chow, chief executive of Hong Kong Exchange (HKEx) has said that June set another record for HKEx as total funds raised through companies' initial public offering (IPO) is expected to surpass HK$50 billion (US$6.4 billion), the highest amount for a single month.

Hong Kong ranked first in Asia and the third in the ...

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