HKEX Chairman Reports Strong IPO Activity in Early 2024, Vows to Maintain Market Standards

Stock News10:23

Hong Kong Exchanges and Clearing Limited (HKEX) Chairman Tang Jia Cheng noted that international investors are increasingly focusing on Asian markets, particularly fast-growing Chinese companies. Capital is actively flowing into innovative technology and new energy sectors, creating significant development opportunities for Hong Kong. Tang revealed that in the coming year, HKEX will continue to drive innovation, including expanding its multi-asset ecosystem, refining listing rules, and improving market efficiency to further strengthen Hong Kong's role as an international financial hub. He also pointed out that trading volumes in both the securities and derivatives markets have repeatedly reached new highs, demonstrating the market's vitality and resilience. Tang added that the average daily turnover in Hong Kong's securities market exceeded HKD 260 billion in the first two months of this year, with IPO fundraising nearing HKD 90 billion, reflecting sustained market activity. He emphasized that HKEX will continue to strictly uphold market quality to ensure a fair, transparent, and efficient operating environment.

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