Hong Kong Association of Small and Medium Enterprises: Suggests that companies with "new business + strong expectations" can accelerate capitalization through suitable listing pathways.

On the morning of May 12th, Dr. Xi Chunying, Chairman of the Hong Kong Small and Medium Listed Companies Association, and his delegation were invited to attend the "Hong Kong Listing Seminar for Small and Medium Technology Companies" held in the Zhengzhou High-tech Zone in Henan Province. Dr. Xi Chunying mentioned that there are small and medium listed companies in Hong Kong's stock market facing transformation, and in the future, they can accelerate capitalization through cooperation with these companies. He suggested that companies with "new business + strong expectations" can accelerate capitalization through suitable listing paths. Dr. Xi has long been concerned about the institutional reforms of the Hong Kong stock market, and has repeatedly called for the implementation of market segmentation and tier movement mechanisms. When introducing the characteristics of Hong Kong listing, Dr. Xi Chunying systematically analyzed the three major advantages of the Hong Kong capital market with practical case studies: High certainty: The Hong Kong Stock Exchange implements a dual-track mechanism of "substantive review + formal disclosure", with a pass rate of 100% maintained in the past three years; Institutional advantages: Annual issuance authorization can reach 20%, and conducting private placements within this quota only requires board approval, supporting companies in flexible financing; policies such as the flexible post-IPO shareholder reduction arrangements for pilot issuers continue to release the dividends of reform; High premium and low market value coexist over the long term: Hong Kong stocks give high premiums to high-growth companies, but also exhibit characteristics of polarized differences, with many small and medium market value companies present in the long term (over 60% of companies having a market value of less than 1 billion Hong Kong dollars), reflecting the diversity and inclusiveness of the Hong Kong stock market.