HONG KONG, April 8 Reuters Hong Kong39;s leader John Lee said on Monday the authorities were considering additional measures to bolster the securities market in the Asian financial hub, which has taken a hit from China39;s economic slowdown and geopolitical tensions.

The city39;s economy expanded by just 3.2 last year, and capital flight turned the Hong Kong stock market into the worstperforming major index last year. India has now overtaken Hong Kong in terms of the value of listed shares.

Lee told the inaugural HSBC Global Investment Summit in Hong Kong that a host of measures had already been taken, including improving the listing regime for specialised technology companies, to enhance competitiveness.

We are pleased that we39;re considering additional measures from improving the transaction mechanism to boosting investment services and stepping up market promotion, he said, without giving any details.

Hong Kong39;s Hang Seng Index tumbled nearly 14 in 2023, its fourth consecutive year of decline.

The city, which is a global hub for raising capital, saw the value of initial public offerings IPOs drop 28.5 in the first quarter of this year compared to the yearago period to 507 million, according to LSEG data.

Battling highinterest rates, a complex geopolitical environment and ballooning budget deficits, Hong Kong in February announced a mix of measures to lure back capital, businesses, and visitors to the city.

Lee said these measures will help Hong Kong bounce…