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Chen Maobo: The market value of Hong Kong stocks has risen to HK $39.40 trillion, and it is expected that many companies will speed up the process of listing in Hong Kong

On October 6, the Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, said in his essay on the website of the Hong Kong Special Administrative Region Government that entering the fourth quarter of 2024, the overall market sentiment has improved significantly, and the Hang Seng Index has risen to a high of about two and a half years. Over the past 15 trading days, the cumulative increase has exceeded 5,600 points, an increase of 33%. The average daily turnover from September to this Friday is about HK $192 billion, which is double the average daily turnover in August. The market value of Hong Kong stocks has also risen to HK $39.40 trillion. Some investment products with a high proportion of Hong Kong stocks have also improved. Taking Mandatory Provident Fund investment as an example, some research institutions reported that the outstanding performance of Hong Kong stocks in September made the overall return of Mandatory Provident Fund in the third quarter exceed 7%, the best performance in the past two years. It can be expected that the recovery of market conditions and investors' cautious optimism about the market outlook will prompt many companies to speed up the process of listing in Hong Kong, including many technology enterprises; at the same time, it will also promote more companies to settle in Hong Kong.