Paul Chan: Hong Kong as a Safe Haven for Investors' Funds

According to Odaily, Hong Kong SAR Government Financial Secretary Paul Chan stated in a blog post on the 5th that the average daily trading volume of Hong Kong stocks in March exceeded HKD 300 billion (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 stable economic growth in mainland China and a large number of high-quality companies listing in Hong Kong, providing investors with abundant investment opportunities. Paul Chan mentioned that as of March 27th, Hong Kong's IPO (Initial Public Offering) fundraising this year has exceeded HKD 103 billion, ranking first globally. Including follow-on financing and others, the total fundraising scale is approximately HKD 237 billion. More importantly, an increasing number of companies listing in Hong Kong are from emerging industries. Currently, there are over 500 applications pending for listing in Hong Kong. It can be said that more and more companies regard Hong Kong as an important window for financing and "going global" development. (China News Service)