Chen Maobo: Hong Kong stocks ranked first in the world in terms of IPO fundraising exceeding HK$107 billion in the first half of the year
According to online reports, the Financial Secretary of the Hong Kong SAR Government, Paul Chan, said on the 6th that Hong Kong stocks rose by 18% last year. The momentum will continue to improve in 2025. The number of applications for IPOs in Hong Kong is increasing rapidly. The amount raised in the first half of the year exceeded HK$107 billion, compared with last year. The annual increase was about 22%, temporarily ranking first in the world. Chen Maobo said that in the past period of rally in Hong Kong stocks, funds have mainly sought after technology stocks, driving a significant increase in trading in derivatives related to technology stocks. "Exchange-traded products"(ETP) linked to different types of assets have become a new force in supporting the liquidity of Hong Kong stocks in recent years, effectively playing a liquidity buffer role when the market fluctuates.
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