The Hong Kong Listed Companies Association responds to market demand by establishing the International Capital Market Affairs Committee.

There are over 2700 listed companies in Hong Kong, with a heavy proportion being small and medium-sized enterprises, which have long been facing a crisis of marginalization. The Hong Kong Listed Companies Association announced the establishment of the "Hong Kong International Capital Market Affairs Committee" to meet the urgent market demand for professional support and assist local small and medium-sized listed companies. The chairperson of the committee, Bai Sijia, stated that in addition to the association's past focus on serving already listed companies, the newly established committee will further expand its services to include companies intending to list in Hong Kong, aiming to enhance Hong Kong's attractiveness as an international capital-raising center. Feng Jialun, a partner at the Asia Green Technology Fund and an executive director of a listed company, pointed out that small and medium-sized listed companies in Hong Kong are caught in a "4 low 1 high" predicament, namely "low market value, low trading volume, low financing capacity, low market attention", while the annual compliance and operational costs to maintain their listing status are at least HK$6 million. He revealed that there are currently up to 1500 listed companies in Hong Kong with a market value of less than HK$1 billion. Although Hong Kong's overall refinancing capability is strong, even surpassing IPO fundraising, this advantage often eludes small and medium-sized enterprises. With low market value, it is difficult for them to conduct refinancing, leading to a situation where they are indirectly trapped in the embarrassing situation of "maintaining a listing platform without actual benefits." He hopes in the future that through policy initiatives, there can be a lowering of the threshold for mainland capital to enter the Hong Kong stock market, attracting more mainland funds for small and medium-sized enterprises. The committee brings together members from investment banks, lawyers, family offices, accountants, and other professional sectors, serving as an independent third-party platform for cross-sector exchanges. Ye Yun, a partner at Eternal Time Capital engaged in family office business, stated that the new committee will serve as a bridge, not only providing accurate matching of funds and business resources for small and medium-sized listed companies to expand their business scale and increase market attention, but also assisting in improving liquidity by attracting diversified funds and long-term investors, gradually addressing the issues of market value and financing difficulties. In addition to rescuing existing small and medium-sized enterprises, introducing high-quality "new blood" is also crucial to maintaining market vitality. Bai Sijia pointed out that in recent years, an increasing number of high-quality foreign companies from ASEAN, Central Asia, and Europe have expressed interest in listing in Hong Kong for fundraising, but they may not necessarily have a deep understanding of the operation mechanisms and regulations of the Hong Kong capital market. Therefore, the association will expand its scope of services to include companies planning to go public for the first time, providing pre-listing support and second opinions, helping them connect with Hong Kong's professional service network during the preparation stage to avoid detours and improve the efficiency of listing in Hong Kong. Chen Jiaqiang, chairman of the Hong Kong Listed Companies Association, stated that in addition to focusing on small and medium-sized enterprises and companies planning to go public, the committee will also collect opinions and market challenges and submit them for integration to the authorities (including the Hong Kong Stock Exchange) to promote policy improvement.