Hong Kong Gets US Trade Boost, Shein IPO Advances

The United States has restored preferential trade privileges for Hong Kong, a move that China has thanked. This development comes as investor Michael Burry says it is a good time to buy Hong Kong stocks. Separately, fast-fashion retailer Shein has secured approval from Hong Kong's listing committee for its initial public offering, according to sources. The trade privilege restoration and the Shein IPO progress signal renewed economic activity in Hong Kong.