At a recent industry event, the Chairman of Hong Kong Exchanges and Clearing Limited (HKEX) reported that 109 companies have successfully completed initial public offerings in the city so far this year, raising a total of HK$366 billion. This figure has already surpassed the full-year total for the previous year, while secondary fundraising by listed firms has reached HK$560 billion.
The Chairman noted that a significant number of artificial intelligence and biotechnology enterprises have chosen Hong Kong for their listings, alongside international firms leveraging the city as a gateway to expand into Asian markets. Looking ahead, he stated that the exchange's next phase will involve driving market innovation, refining the listing framework, deepening international connections, and expanding the commodities business. The goal is to build a diversified multi-asset marketplace while aligning with national strategies and upholding Hong Kong's reputation as an international financial hub.
Speaking at the same event, the Chairman of the Securities and Futures Commission highlighted that the city's inaugural five-year plan, together with the latest policy address, reinforces three core functions: offshore renminbi business, international asset and wealth management, and risk management. He announced that the regulator would release a statement within two days outlining its strategic action blueprint. He emphasized that the commission serves both as a market guardian and a development catalyst, asserting that maintaining market integrity and investor trust is essential for fostering high-quality growth. He also called on industry participants to work collaboratively with the government and regulatory bodies to achieve these shared objectives.