Greater Bay Area

Chen Maobo looks forward to the Hong Kong stock market in the Year of the Snake: cautiously optimistic, happy to see better

2025-02-14   

On the 13th, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, attended the Chinese New Year's Eve reception for the financial services sector and delivered a speech, stating that at the beginning of the Year of the Snake, Hong Kong stocks rose by nearly 1600 points in about two weeks, with an average daily turnover of over HKD 220 billion and both prices and volumes rising. He looks forward to the Hong Kong stock market in the Year of the Snake: cautiously optimistic, happy to see better, and getting better and better! Chen Maobo pointed out that with the strong leadership of the central government, solid support from different departments in mainland China, and the full efforts of the SAR government and the Hong Kong financial industry, it can be expected that more leading mainland enterprises will list in Hong Kong. The Hong Kong Stock Exchange has received dozens of new listing applications in January, and we believe that the stock market will welcome more good companies this year. In addition, international investors in the Hong Kong market continue to be active and have ample funds, and we believe that the liquidity of the Hong Kong stock market will be further enhanced. Chen Maobo emphasized that the work of the SAR government, regulatory agencies, and the Hong Kong Stock Exchange to enhance the financial market in Hong Kong is accelerating. The unique advantages of Hong Kong's internal and external connectivity will be better utilized, and the practice of interconnectivity will be comprehensively expanded and deepened. There is broad development space in asset and wealth management business, family office business, gold and commodity trading, and other areas. He firmly believes that with the joint efforts of the SAR government, the industry, and various sectors of society, Hong Kong's financial market and industry will surely usher in better development, and also contribute greater strength to the construction of a strong financial country in the country. Hong Kong Stock Exchange Chairman Tang Ka shing said in his speech that since the beginning of the Year of the Snake, the Hang Seng Index in Hong Kong has risen by 8%, and the technology index has recorded a greater upward trend. He hopes that the situation can continue. In the new year, the Hong Kong Stock Exchange will promote market development in various aspects, such as developing diversified products and services, enhancing listing mechanisms, attracting foreign investment, etc., to ensure that the Hong Kong market can keep up with international trends and continue to play an important role in connecting the country with the world. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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