According to online reports, Hong Kong Financial Secretary Paul Chan said on his blog that Hong Kong's financial market has performed well this year. For example, the total amount of new stock fundraising (IPO) is close to HK$150 billion so far, ranking first in the world, and international long-term capital participation has increased significantly. The atmosphere in Hong Kong stocks is booming, with the Hang Seng Index rising by more than 30% this year; trading has hit a record high, with an average daily turnover exceeding HK$250 billion. In the first eight months of this year, the refinancing amount of listed companies was nearly three times the amount raised by IPO, reflecting the depth and activity of the Hong Kong market. He continued to point out that active new shares, gathering funds and booming trading also benefited the performance of A-shares, and there was a good linkage effect between Hong Kong and mainland capital markets.