Chan Maobo: Optimistic about the Year of the Horse market situation and will explore more new initiatives to enhance market competitiveness

Hong Kong Financial Secretary Paul Chan attended the Hong Kong Stock Exchange’s Lunar New Year opening ceremony on February 20 and delivered a speech. He stated that looking ahead to the Year of the Horse, he is optimistic about the market outlook. Although the external environment is still expected to remain complex and volatile, Hong Kong, with its fair market environment, will continue to promote market reforms, improve market infrastructure and development, and effectively manage risks and disruptions. Paul Chan believes that technological revolutions are accelerating, with AI, life sciences, and quantum computing reshaping Hong Kong’s competitiveness and influencing the development of its markets. The Hong Kong SAR government will continue to attract more tech companies to list in Hong Kong and collaborate with regulators to explore new measures to enhance market competitiveness and improve Hong Kong’s trading mechanisms.

Paul Chan pointed out that last year, the Year of the Snake, the Hang Seng Index rose by 6,500 points, a 32% increase year-on-year, making it the best-performing Year of the Snake on record, which gives him even greater hope for the Year of the Horse. Under the principle of “one country, two systems,” Hong Kong leverages its advantages, and under the 14th Five-Year Plan, Hong Kong will play a key role as a super connector. Meanwhile, the continuous deepening and expansion of the connectivity mechanisms will bring higher liquidity to the capital markets.