Hong Kong Financial Secretary responds to SpaceX excluding Hong Kong and mainland Chinese investors from subscription: This move will harm US interests

Odaily Planet Daily News In response to market rumors that SpaceX has banned Hong Kong and mainland Chinese investors from participating in new share subscriptions, Hong Kong Financial Secretary Paul Chan stated that this move will harm US interests. He noted that the US previously restricted mainland companies from listing in the US, and those companies eventually came to list in Hong Kong instead, making Hong Kong an unexpected beneficiary. He emphasized that Hong Kong should focus on its own affairs, improving the listing system, enhancing liquidity, and safeguarding its reputation. Chan pointed out that Shanghai and Shenzhen have a large number of high-quality tech companies with attractive valuations. Hong Kong is guiding sovereign wealth funds and long-term capital to jointly invest in future industries, including hard tech, health tech, and life sciences projects. Hong Kong is establishing an international central securities depository infrastructure that will place different securities, bonds, and stocks on the same platform, enabling cross-collateralization to rapidly enhance liquidity and improve capital efficiency. (Aastocks)