(From The Standard)
Byline: Foster Wong
The Hong Kong stock market is set for a bumper year in 2004, raising a third more funds than last year, according to the bourse's top executive.
The local market will probably raise as much as US$35 billion (HK$273 billion) in 2004, compared to US$26.8 billion in 2003, Hong Kong Exchanges and Clearing (HKEx) chief executive Paul Chow said in Beijing on Friday. He expects fundraising in the final quarter this year could exceed US$6 billion.
The market raised a total of US$28.4 billion in the first nine months of this year, making it the second-largest fundraising market in the world after the New …