AI Semiconductors | Chen Maobo: Mainland tech enterprises better connect with international rules through Hong Kong.

Five new stocks debuted simultaneously, including Momenta (06880), a mainland autonomous driving company, and Basic Semiconductor (09971), a manufacturer of silicon carbide power devices. When Financial Secretary Paul Chan Mo-po spoke at the listing ceremony, he said that the listing of Momenta and Basic Semiconductor has multiple meanings: it signals leading mainland enterprises with strong innovation and technological prowess, and through Hong Kong’s international platform, they can better align with international rules, enhance global visibility, and add a strong example for “China’s innovative science and technology” to move toward the world.

Paul Chan also said that the two companies have seized the international market’s investment boom in artificial intelligence (AI) and semiconductors, fully leveraging Hong Kong’s active IPO market to further strengthen their R&D and manufacturing capabilities and expand their business development at home and abroad. The listing also creates a new channel for investors at home and abroad, enabling investors to further participate in the development of mainland physical AI and cutting-edge semiconductor fields, and share the dividends of growth in the industry.

He said that the country is currently further advancing the construction of a modern industrial system and accelerating the achievement of high-level technological self-reliance. It is expected that more high-quality technology enterprises from around the world will come to Hong Kong to list.