Hkex Teams up with Beijing Bourse, Ningbo Government in Bid to Lure Start-Ups

“The Turnover on the Gem Board Is Low That This Market Is Easy to Manipulate, Leading to High Volatility, ” Said Kenny Wen, Head of Investment Strategy at Kgi Asia. “Also, When the Broder Market in Hong Kong Is Weak, No One Would Want to Touch These Small Caps. ”

Hong Kong Ranks Ninth Globally for Ipos as Fundraising Hits 20-Year Low

None Surpassed Hatcher Group, a Local Financial Services Provider, Whose Shares Have Crashed 92 per Cent to Hk$0.07 Since Its Ipo in 2017. Worldgate Global Logistics and Waste Water Treatment Company China Tianyf Holdings Both Came Close with Losses of More Than 80 per Cent.

Sell-off in Chinese Stocks Overdone, ‘Downside Limited’: Hong Kong Fund Manager

“We Engaged with a Broad Range of Stakeholders, Including Smes and Their Representatives, to Hear Their Views Regarding Gem and Its Development, ” Katherine Ng, Head of Listings, Said in a Podcast. “Our Proposed Reforms Aim to Broaden Gem’s Appeal to Issuers” While Maintaining Market Confidence and Investor Protection.

Hong Kong’s Gem Market ‘A Failure’ as 99% Slump from Peak Pushes Small-Cap Stocks into Viability Crisis

By Chloe Bennett

• Oct 8, 2026 • 4 min read

Hong Kong’s Gem Market ‘A Failure’ as 99% Slump from Peak Pushes Small-Cap Stocks into Viability Crisis

Direct Answer • Key Takeaway

The S&P/Hkex Gem Index Has Plunged 35 per Cent This Year to the Lowest Since It Was Established in November 1999. the 47-Member Gauge, Which Covers About 75 per Cent of the Market Capitalisation, Has Crashed 99 per Cent from Its Peak in January 2001, During the Us Dotcom Meltdown.

Chloe Bennett

Culture, Media & Entertainment Columnist

Chloe Bennett explores the intersection of pop culture, streaming entertainment, digital trends, and contemporary lifestyle. Her weekly commentary reaches thousands of culture enthusiasts.

Tags: hong kongs gem market failure 99 slump peak pushes small cap stocks viability crisis