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Hong Kong’s financial sector party turns into famine

Hong Kong’s financial sector party turns into famine


Hong Kong’s sluggish stock market embodies the challenges the city is grappling with: China’s economic slowdown, which appears increasingly structural, and Beijing’s tightening grip on the semi-autonomous city.

None of these problems seem likely to go away anytime soon, although China’s economy may improve in a slightly cyclical manner next year. Weak third quarter results released Friday by Hong Kong Stock Exchanges and Clearing– the owner and operator of the market – are the latest sign of the city’s deepening problems.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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