Hong Kong: "Science and Innovation Enterprise Special Line" has received a large number of inquiries after its launch. The optimization of the listing system is being promoted, and relevant measures will be announced in due course.
Recently, leading A-share companies such as CATL and CSPC Pharmaceuticals have landed on the Hong Kong stock market, sparking a trend of mainland companies going public in Hong Kong. According to a Securities Times journalist who obtained exclusive information from relevant authorities in Hong Kong, after the launch of the "Technology Enterprise Channel" by the Hong Kong Stock Exchange in May this year, the market response has been enthusiastic, with the Exchange receiving a large number of inquiries. At the same time, the Hong Kong Stock Exchange and the Securities and Futures Commission are advancing the optimization of the listing system, including reviewing the specific requirements for primary, secondary, and dual primary listings, as well as post-listing regulatory mechanisms, improving the overall approval rules for companies listing in Hong Kong. Relevant measures will be announced to the market in accordance with the principle of "mature one, launch one" and market consultations will be conducted as necessary.
The Securities and Futures Commission of Hong Kong stated that to attract more companies from different regions to list in Hong Kong, they and the Hong Kong Stock Exchange will further review the listing system to provide greater flexibility for high-quality enterprises to list in Hong Kong, in order to promote listing in Hong Kong for enterprises. Meanwhile, the Hong Kong Financial Services and Treasury Bureau stated that the government has been dedicated to enhancing market liquidity by implementing specific optimization measures. In 2023, the government established a task force to promote market liquidity, reviewing factors affecting market liquidity such as listing mechanisms, market structures, and trading mechanisms, and proposing optimization suggestions in various categories. The government, together with the Securities and Futures Commission and the Hong Kong Stock Exchange, has gradually implemented various measures to achieve substantial progress in enhancing market efficiency and competitiveness.
Furthermore, regarding the topic of "international capital accelerating embrace of Chinese assets," a spokesperson from the Hong Kong Financial Services and Treasury Bureau told the People's Finance News that since the country introduced a series of measures to support the high-quality development of the financial economy last year, the mainland economy has shown resilience. On the other hand, mainland companies have made technological breakthroughs in various high-tech fields, especially in artificial intelligence, which has attracted attention from investors worldwide and provided a basis for the revaluation of Chinese assets. Under this momentum, the liquidity of the Hong Kong capital market has continued to improve, showing a positive trend. The average daily trading volume in the first four months of this year was 250.4 billion yuan, a 144% increase compared to the same period last year. At the same time, the Hong Kong Stock Exchange is processing around 130 listing applications, indicating that companies' confidence in fundraising prospects in Hong Kong continues to strengthen. Through the performance of the Hong Kong market, we can see that the process of global funds investing in Chinese assets is continuously expanding. In the future, Hong Kong will further enhance its role as a "super connector" connecting domestic and foreign capital and enterprises, continuing to facilitate international capital embracing Chinese assets.
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