Strategy

Hong Kong Phoney

What future does the Hong Kong stock market have under China’s growing influence?
Ryan Lightfoot-Aminoff
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Updated 11 Sep 2024
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This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. With this commentary, Kepler Partners LLP does not intend to influence your investment firm's behaviour. 

July 2024 marked 27 years since Hong Kong’s handover from part of the British Empire to become a special administrative region of China. This means that Hong Kong is in the territory of the infamous ‘27 Club’, an eclectic group of famous artists, such as Jimi Hendrix and Amy Winehouse, who have passed away at the young age of 27. This anniversary feels oddly ominous when considering the changes in laws and regulations seen in Hong Kong in the past couple of years, as China looks to bring Hong Kong’s legislature more in line with that of the mainland. This has raised questions over the status of the so-called ‘one country, two systems’ regime that was established in 1997, and led to investors wondering what this means for the future of investing in Hong Kong. So here, we look a bit closer at the Hong Kong market, what differences there are to investing on the mainland and what the future may hold for investors in the region.

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About the Author

Ryan Lightfoot-Aminoff
[email protected]
Ryan joined Kepler in August 2022 as an investment trust research analyst. Prior to this, he spent seven years as a senior research analyst at Chelsea Financial Services where he worked on fund selection for their retail clients and on their multi-asset fund range. He holds an MSc in Finance & BA in Accounting & Finance from the University of the West of England.

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