Paul Chan: Hong Kong is a safe haven for investors' funds

Golden Finance reports that on April 5, the Financial Secretary of the Hong Kong Special Administrative Region, Mr. Chan Mo-po, said in a blog post published on April 5 that in March, the average daily trading value of Hong Kong stocks exceeded 300 billion yuan (HKD, the same applies below), up more than 8% from the same period last year. This reflects that Hong Kong is a reliable safe haven for capital, and, together with stable growth in the Mainland China economy and a large number of high-quality companies listing in Hong Kong, provides investors with abundant investment opportunities. Chan Mo-po said that as of March 27, Hong Kong’s IPO (initial public offering) fund-raising this year had already exceeded 103 billion yuan, ranking first globally. Together with subsequent financing and other activities, the total fund-raising scale is about 237 billion yuan. More importantly, the number of companies listing in Hong Kong that are increasingly focused on emerging industries is growing, and the number of applications currently in the queue for listing in Hong Kong has already exceeded 500 cases. It can be said that more and more companies view Hong Kong as an important window for financing and “going global” development. (China News Service)