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Hong Kong's market for initial public offerings (IPOs) is suffering from another sluggish start in 2024. Once a beacon of hope for retail investors looking for a windfall and a lucrative source of fees for investment bankers, listings have instead become a source of stress and job insecurity due to a drop in such activity. This year, five companies have raised HK$2.18 billion (US$279 million) from their stock offerings in the first two months, according to data compiled by London Stock Exchange

Improved market conditions and supportive visa programmes have spurred a rush from mainland Chinese workers heading to Hong Kong for employment, according to recruitment consultants.

Overseas talent coming to Hong Kong should consider learning Mandarin as businesses flock to the city and the Greater Bay Area, according to recruitment consultants.