HK's pitch to tech firms shows no headway

SYDNEY, Australia — Hong Kong's push to attract more specialist technology companies to carry initial public offerings (IPO) has attracted just two firms to list in more than a year after regulators introduced new rules in an attempt to revive the city's flagging capital markets.

Hong Kong's fortunes are pinned to having active capital markets, especially IPOs, and while deal activity remains subdued, so does the city's role as a regional financial center.