Chan Mo-po: As of the end of last year, over 400 new economy companies have been listed in Hong Kong, and it is expected that leading tech companies will continue to have IPOs this year

The Financial Secretary, Paul Chan, stated in his blog that the Hang Seng Index performed strongly on the first trading day of this year, marking the best start since 2013. The government continues to promote stock market reforms, introducing Chapter "18A" and "18C". By the end of last year, over 400 new economy companies had listed in Hong Kong, which, although only accounting for about 15% of the total number of listed companies, represented approximately 30% of the market in terms of market capitalization and trading volume. It is expected that cutting-edge technology companies will continue to apply for listing this year.

He mentioned that Hong Kong not only welcomes these companies to list and raise funds but also encourages them to establish themselves in Hong Kong, set up research and development centers, and transform their results while establishing advanced manufacturing facilities. This fully utilizes Hong Kong's advantages in basic research and the gathering of international research talent, fostering collaboration and accelerating development, while also enriching and strengthening Hong Kong's innovation and technology ecosystem and industry. On the other hand, the government supports these companies in establishing regional or international headquarters in Hong Kong, using it as a gateway to international markets and expanding into Southeast Asia and beyond