Tang Jiacheng: The Hong Kong Stock Exchange will optimize the listing system to deepen international ties and expand commodity business

Zhitong Finance App learned that Chairman Tang Jiacheng of the Hong Kong Stock Exchange (00388) said at an event that 109 companies had completed IPOs in Hong Kong during the year, raising capital of HK$366 billion, surpassing last year's refinancing of HK$560 billion by listed companies. Tang Jiacheng said that many AI and biotechnology companies have gone public in Hong Kong, and there are also international companies expanding the Asian market through Hong Kong. He pointed out that in the next step, the Hong Kong Stock Exchange will promote market innovation, optimize the listing system, deepen international ties and expand commodity business, build a multi-asset market, and at the same time keep abreast of the national strategy and maintain Hong Kong's reputation as an international financial center.

Chairman Wong Tin Yau of the Hong Kong Securities Regulatory Commission also said on the same occasion that Hong Kong's first five-year plan and new policy report strengthen the three major functions of offshore RMB business, international asset and wealth management, and risk management. The Hong Kong Securities Regulatory Commission will issue a statement within two days explaining the strategic action plan. He stressed that the Hong Kong Securities Regulatory Commission acts as both a market protector and development promoter. Only by maintaining integrity and investor trust can high-quality development be promoted, he called on the industry to work together with the government and regulators.