Financial Secretary promotes innovation and growth in Hong Kong's financial markets

Financial Secretary Christopher Hui recently emphasized on a radio program that the sustained prosperity of Hong Kong’s financial markets is not a coincidence but the result of joint efforts by all sectors of society, including the government and regulators. He pointed out that trust, determination, and persistence are the three key elements driving market development. Under Hui’s policy guidance, Hong Kong’s financial ecosystem is showing a multi-dimensional pattern of innovative growth.

Strong Momentum in Listing Financing: Capital Market Vitality Unleashed

Since 2026, Hong Kong’s stock market has continued to stay active. According to RTHK, about 20 companies have raised funds through IPOs, totaling HKD 8 billion. Notably, 480 companies are currently queued for listing, including 10 international firms, indicating significant room for future financing activities.

Market trading activity has also shown a marked increase. Recently, the average daily trading volume exceeded HKD 27 billion, with the highest single-day turnover surpassing HKD 30 billion. These figures reflect investors’ confidence and enthusiasm in Hong Kong’s financial markets and demonstrate the market’s increasing capacity to accommodate growth.

Diversified Asset Ecosystem: Commodities and Wealth Management Advancing Together

Hui emphasized that Hong Kong is actively cultivating new asset classes to build a comprehensive international financial hub connecting domestic and international financial services with the real economy. The development of the commodities market is a key part of this strategy.

Since gaining recognition from the London Metal Exchange last year, Hong Kong has established 15 metal storage facilities with a storage capacity of over 20,000 tons of non-ferrous metals. This progress indicates Hong Kong’s growing influence in the bulk commodities trading sector.

Meanwhile, the growth of family offices has become a highlight in wealth management. The number of family offices in Hong Kong has increased to 3,384, a growth of over 25% since 2003. These family offices contribute approximately HKD 1.3 billion annually to the local economy and cover services such as financial accounting, investment management, and legal consulting, forming a complete wealth management industry chain.

Leveraging the Advantages of One Country, Two Systems: Supporting Hong Kong’s Rise through National Development

Hui stated that the framework of One Country, Two Systems, along with national development strategies, provides a solid foundation for Hong Kong’s continued growth. He emphasized that advancements in productivity and technology domestically offer strong support for Hong Kong, enabling financial innovation to have a tangible economic basis.

He added that the Hong Kong government is committed to attracting both local and international capital inflows, which will not only deepen financial markets but also positively impact local services, the labor market, and overall economic development. This multi-faceted market-building strategy is transforming Hong Kong into an international financial hub that integrates global capital and serves national development.