Paul Chan: Since the beginning of this year, Hong Kong's fundraising amount from new stock listings continues to rank first globally

Financial Secretary of the Hong Kong SAR Government Paul Chan Mo-po said today (26th) that, building on last year’s achievements, Hong Kong’s IPO fundraising in the year to date continues to rank first globally. As of last week, IPO fundraising in Hong Kong stocks had already exceeded HKD 140 billion; from March to date, the average daily trading value of Hong Kong stocks has exceeded HKD 280 billion. These developments show that even if changes and uncertainties continue to unfold outside the region, the development of Hong Kong’s financial markets remains unstoppable.

Chan Mo-po noted that the Mainland’s upcoming May Day Golden Week is around the corner, and the Immigration Department of the SAR Government expects about 980,000 visits by Mainland travelers to Hong Kong during the holiday period, an increase of about 7% compared with the same period last year. The SAR Government will prepare all necessary support arrangements and manage crowd flows at popular attractions, with the aim of providing travelers with a better experience and ensuring that industries such as catering and retail continue to benefit. (Voice of the Greater Bay Area)