Hong Kong’s GEM market ‘a failure’ as 99% slump from peak pushes small-cap stocks into viability crisis

Hong Kong’s GEM market ‘a failure’ as 99% slump from peak pushes small-cap stocks into viability crisis

About 90 per cent of the 329 companies listed on the GEM are penny stocks, each trading below HK$1 The GEM market has not had an IPO since Grand Power Logistics was listed in January 2021; the stock …