What every German founder should know about Hong Kong
After years of restraint, the Hong Kong stock exchange is currently experiencing a strong comeback. Driving this growth are primarily Chinese companies that need fresh capital for their expansion and exports. Dual listings—listings of companies already traded in Shanghai or Shenzhen—are particularly popular.
This trend is further fueled by the ongoing geopolitical tensions between China and the USA, as many companies want to operate more independently of American stock exchanges, as Handelsblatt reports .
But it's not just the stock market that's seeing activity. Hong Kong's startup scene is also experiencing momentum. The city now boasts ten unicorns, and the scene has a total value of around 33 billion euros (39 billion dollars).
businessinsider
