People Finance News, May 30 – Recently, leading A – share companies like Contemporary Amperex Technology Co., Ltd. (250.000, -1.85, -0.73%) and Hengrui Medicine (54.740, 0.64, 1.18%) have listed on the Hong Kong stock market, triggering a wave of initial public offerings (IPOs) by mainland enterprises in Hong Kong. According to exclusive information obtained by the Securities Times from relevant Hong Kong authorities, after the Hong Kong Stock Exchange launched the “Technology Enterprise Special Line” in May this year, the market response has been enthusiastic, with the exchange receiving a large number of inquiries.
Regulatory Bodies Promote Listing System Optimization
Simultaneously, the Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission (SFC) are working on optimizing the listing system. This includes reviewing the specific requirements for primary listing, secondary and dual primary listings, as well as the post – listing regulatory mechanism, and improving the overall approval rules for enterprises seeking to list in Hong Kong. Relevant measures will be appropriately disclosed and subject to market consultations based on the principle of “launch when ready”.
The Hong Kong SFC stated that to align with the latest economic trends and enterprise needs and attract more companies from different regions to list in Hong Kong, it will, together with the Hong Kong Stock Exchange, further review the listing system. The aim is to explore greater flexibility for high – quality enterprises to facilitate their listings in Hong Kong.
The Hong Kong Financial Services and the Treasury Bureau (FSTB) said that the government has been committed to continuously enhancing market liquidity through specific optimization measures. In 2023, the government established a dedicated task force to boost stock market liquidity. The task force examined factors affecting market liquidity and proposed optimization suggestions in various areas such as listing mechanisms, market structure, and trading mechanisms. Currently, the government, in collaboration with the SFC and the Hong Kong Stock Exchange, has gradually implemented various measures, achieving substantive progress in improving market efficiency and competitiveness and attaining the expected results.
International Capital’s Growing Interest in Chinese Assets
Regarding the topic of “International capital accelerating its embrace of Chinese assets”, a spokesperson from the Hong Kong FSTB told People Finance that since the country launched a series of measures to support the high – quality development of the financial economy last year, the mainland economy has shown resilience. Moreover, mainland enterprises have made technological breakthroughs in various high – tech fields, especially in artificial intelligence, impressing global investors and providing a basis for revaluing Chinese assets.
Driven by these factors, the liquidity of the Hong Kong capital market has continuously improved recently, showing a positive trend. The average daily transaction volume in the first four months of this year was 250.4 billion yuan, a 144% increase compared to the same period last year. Meanwhile, the Hong Kong Stock Exchange is processing approximately 130 listing applications, indicating that enterprises’ confidence in financing in Hong Kong is strengthening. Through the performance of the Hong Kong market, it can be seen that the process of global funds investing in Chinese assets is expanding. In the future, Hong Kong will further play its role as a “super connector” for domestic and foreign funds and enterprises, continuing to help international capital embrace Chinese assets.
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