Retail return

Doubtful fundamentals have never prevented Hong Kong investors from buying into a good story, and the technology revolution has once more given local retail investors a dream to believe in. Retail investors have been in a rare state of hibernation since being badly burned midway through 1997, following the onset of the Asian economic crisis. Indeed, retail investors were behind the meteoric rise of China-related stocks in the run up to Hong Kong's historic handover on July 1, 1997, piling