Hong Kong IPOs Expected to Bounce Back in Second Half of Year

(Bloomberg) — After a dismal start, initial public offering (IPO) activity in Hong Kong looks poised for a better second half as Beijing steps up support for the financial hub.

The number of IPO filings in Hong Kong rose in the past two months, while cancellations of listing applications on the mainland more than tripled from a year earlier after authorities vowed to tighten stock market supervision.