Paul Chan Mo-po, Financial Secretary of the Hong Kong Special Administrative Region Government, stated on April 26 that following the brilliant performance last year, Hong Kong’s IPO fundraising volume has continued to rank first in the world since the beginning of this year. As of last week, the IPO fundraising volume of the Hong Kong stock market has exceeded 140 billion Hong Kong dollars; since March, the average daily turnover of the Hong Kong stock market has exceeded 280 billion Hong Kong dollars. These developments confirm that despite the volatile external environment, the development of Hong Kong’s financial market remains unstoppable.

Paul Chan pointed out that the May Day Golden Week on the Chinese mainland is approaching, and the Immigration Department of the SAR Government estimates that about 980,000 mainland tourists will visit Hong Kong during the holiday, an increase of about 7% compared with the same period last year. The SAR Government will do a good job in various supporting facilities and crowd management at popular scenic spots, hoping to provide a better experience for tourists and allow industries such as catering and retail to continue to benefit.

Hong Kong, as an international financial center, has always played an important role in connecting the Chinese mainland and the global financial market. Its strong IPO fundraising capacity and stable market turnover fully reflect the confidence of global investors in Hong Kong’s financial market and the unique advantages of Hong Kong’s financial system. In recent years, despite the impact of global economic volatility and geopolitical tensions, Hong Kong has continuously optimized its financial regulatory system, enhanced market liquidity, and attracted more enterprises to list and raise funds in Hong Kong. With the strong support of the Chinese mainland economy and the continuous improvement of Hong Kong’s financial market environment, it is expected that Hong Kong’s financial market will maintain its strong resilience and continue to play an important role in the global financial system.