Gate News update: On April 5, Hong Kong SAR Government Financial Secretary Chen Maobo posted on his blog, saying that in March, the Hong Kong stock market’s average daily trading value exceeded HK$300 billion, up by more than 8% from the same period last year. This reflects that Hong Kong is a reliable safe haven for capital. In addition, stable economic growth in Mainland China and a large number of high-quality companies coming to list in Hong Kong provide investors with abundant investment opportunities. Chen Maobo said that as of March 27, the amount of funds raised by Hong Kong’s IPOs (initial public offerings) this year had already exceeded HK$103 billion, ranking first globally. Together with subsequent financing and other activities, the total fundraising scale was about HK$237 billion. More importantly, the number of companies coming to list in Hong Kong that are focused on emerging industries is increasing, and the number of application cases currently in the queue to list in Hong Kong has already exceeded 500. Chen Maobo said that more and more companies view Hong Kong as an important window for financing and for “going global” development.
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