Flows vs friction: Post-pandemic Asia will see a boom in long-term equity markets

But a potential paradigm shift is brewing, with global funds gravitating towards Asian issuers that promise greater growth potentials. The world's largest initial public offering so far this year has landed in Hong Kong. The stars look aligned for a new wave of flourishing stock sales in Asia, where economic recovery, listing reforms, technological innovation and currency appreciation are combining to drive an equity capital boom. A structural shift The structural case is clear. Stock markets of Asian countries appear significantly underdeveloped relative to the size of their eco...