Paul Chan: Hong Kong is a safe haven for investors' funds

Deep Tide TechFlow message: On April 05, Hong Kong Special Administrative Region Government Financial Secretary Paul Chan Mo-po said in a blog post published on the 5th that in March, the average daily trading value of Hong Kong stocks exceeded 3000 billion Hong Kong dollars (the same below), up by more than 8% year-on-year in the same period last year. This shows that Hong Kong, as a reliable safe haven for capital, together with stable growth in China’s Mainland economy and a large number of high-quality enterprises coming to list in Hong Kong, provides investors with abundant investment opportunities. Chan Mo-po said that as of March 27, the amount of funds raised by this year’s Hong Kong IPO (initial public offering) had already exceeded 1030 billion Hong Kong dollars, ranking first globally, and including subsequent financing and so on, the total fund-raising scale is approximately 2370 billion Hong Kong dollars. More importantly, an increasing number of companies coming to list in Hong Kong are in emerging industries, and the number of application cases currently in the queue to come to list in Hong Kong has already exceeded 500. It can be said that more and more companies view Hong Kong as an important window for financing and for “going global” development.