China's reopening will boost Hong Kong markets despite weak GDP print, HKEX chairman says
Publishing timestamp: 2023-01-17 02:11:48
Summary
The Chinese GDP grew by 3% last year, slightly surpassing expectations, but below the official target. Hong Kong Hang Seng index led losses in Asian stock markets on Tuesday following the release, but HKEX Chairman Laura Cha said that the reopening of China's borders at the end of 2022 will lead to a strong rebound. Cha said that trading and capital inflows had been limited for the last three years while China's border was closed, but that the exchange provider had seen the beginnings of a turnaround in the second half of 2022.
Sentiment: POSITIVE
Keywords: banks, politics, hang seng index, davos - world economic forum, breaking news: davos, business news, world economy, switzerland, hong kong exchanges and clearing ltd,