14/04/2025
On April 13, Hong Kong Financial Secretary Paul Chan Mo-po published an essay entitled “Another Opportunity for Hong Kong in a Century of Change”. In the article, he said that in response to the latest global changes, he has instructed the Hong Kong Securities Regulatory Commission and the Hong Kong Stock Exchange to be prepared. If Chinese stocks listed overseas want to return, Hong Kong must be their preferred listing place.
He emphasized that the Hong Kong Stock Exchange will also step up its contact and promotion work in the ASEAN and Middle East markets to attract more local high-quality companies to list in Hong Kong, while gathering more international funds to Hong Kong to further enhance the strength and status of Hong Kong as an international financial center.
Chan Mo-po also mentioned that Hong Kong is actively attracting high-quality issuers from all over the world to list in Hong Kong. At present, Hong Kong has established a regulatory framework that facilitates companies that have been listed overseas to conduct dual listings or second listings in Hong Kong. He also said that many large international financial institutions and patient capital from other regions have recently paid more attention to the Hong Kong market and have explored in depth how to increase participation in the local market.
As for the Hong Kong stock market, Chan Mo-po believes that the overall Hong Kong stock market has continued to operate smoothly and orderly in the past week. Since last week, the Hong Kong dollar has continued to be strong, and the Hong Kong dollar is still at a strong level against the US dollar, indicating that funds are still in the Hong Kong market. After the decline on Monday last week, the Hong Kong stock market was generally stable. The Hang Seng Index closed at 20,914 points last Friday, which was still slightly higher than the level at the beginning of January this year. The average daily turnover last week increased to HK$427.6 billion, an increase of about 68% over the previous week.
Chan Mo-po said that Hong Kong has strengthened “all-weather, linkage, and cross-market” real-time monitoring in the early years to prevent risks that may suddenly emerge, especially when market confidence is fragile. For the sudden and drastic changes that may occur in the market in the future, the SAR government will remain highly vigilant and prepared, and strengthen the monitoring, prediction and response deployment of the development of the situation.
As of the close of the Hong Kong stock market on April 14, the Hong Kong Stock Exchange reported HK$334 per share, an increase of 6.91%, with a market value of HK$423.46 billion.
