Chan Mo-po: Hong Kong as a Safe Haven for Investors' Funds
Svmuu News: Hong Kong Financial Secretary Paul Chan Mo-po stated in a blog post on the 5th that the average daily turnover of Hong Kong stocks in March exceeded HKD 300 billion, an increase of over 8% compared to the same period last year. This reflects Hong Kong's status as a reliable safe haven for capital, coupled with the stable economic growth of mainland China and a large number of high-quality enterprises listing in Hong Kong, providing abundant investment opportunities for investors. Chan Mo-po said that as of March 27, Hong Kong's IPO fundraising this year had exceeded HKD 103 billion, ranking first globally. Including subsequent financing, the total fundraising amounted to approximately HKD 237 billion. More importantly, an increasing number of companies listing in Hong Kong are from emerging industries, with over 500 applications currently awaiting listing in Hong Kong. It can be said that more and more enterprises view Hong Kong as an important window for financing and "going global" development. (China News Service)
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