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Demand for Hong Kong IPOs dries up

Hong Kong Airlines scraps listing plan, while offerings by Huarong and CICC are likely to be delayed

Demand for Hong Kong IPOs dries up

The turmoil in Chinese stocks is hurting investor appetite for initial public offerings in Hong Kong, the world’s top venue for listings this year.

Hong Kong Airlines International, a domestic short haul carrier whose destinations include Phuket, Thailand, and Bali, Indonesia, from Hong Kong, called off its planned listing indefinitely on Monday, according to a person with direct knowledge of the deal. Meanwhile, long-anticipated IPOs by a Chinese investment bank and a debt clearing agency are likely to face delays.

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