Hong Kong’s Financial-Sector Feast Turns to Famine

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Hong Kong’s Financial-Sector Feast Turns to Famine
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China's slowing economy could soon become a major talking point for U.S. companies as they begin to report third-quarter earnings. WSJ’s Dion Rabouin explains. Illustration: Elizabeth Smelov

Weak underlying results from the Hong Kong stock exchange’s owner are the latest sign of profound damage to the Asian financial center from recent changes in the city and on the mainlandChina’s slowing economy could soon become a major talking point for U.S. companies as they begin to report third-quarter earnings. WSJ’s Dion Rabouin explains.

Illustration: Elizabeth SmelovNeither issue looks likely to disappear soon, although China’s economy could improve a bit cyclically next year. Weak third-quarter results released Friday by Hong Kong Exchanges and Clearing—the market’s owner and operator—are the latest sign of how entrenched the city’s problems have become.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.

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