Chan Mo-po: Hong Kong as a Safe Haven for Investors' Funds

Odaily News Hong Kong Special Administrative Region Financial Secretary Chan Mo-po stated in a blog post on the 5th that the average daily trading volume of Hong Kong stocks in March exceeded 300 billion yuan (Hong Kong dollars, same below), an increase of over 8% compared to the same period last year. This reflects Hong Kong's role as a reliable safe haven for funds, coupled with the stable growth of the Chinese mainland economy and the influx of high-quality enterprises listing in Hong Kong, providing investors with abundant investment opportunities. Chan Mo-po noted that as of March 27th, Hong Kong's IPO (Initial Public Offering) fundraising this year has already exceeded 103 billion yuan, ranking first globally. Including follow-on financing and other activities, the total fundraising scale is approximately 237 billion yuan. More importantly, an increasing number of enterprises listing in Hong Kong are from emerging industries. Currently, there are over 500 applications queuing for listing in Hong Kong. It can be said that more and more enterprises view Hong Kong as an important window for financing and "going global" development. (China News Service)