Hong Kong’s financial markets are experiencing renewed momentum, with increased liquidity and a rising number of technology companies opting to list in the city. As China implements its new Five-Year Development Plan for 2026 to 2030, Hong Kong is poised to play a pivotal role in the country’s financial landscape. Li Shuang spoke with Sunny Tan, Chairman of the Hong Kong Productivity Council, about how Hong Kong is reinforcing its position as a global financial hub. “What do you believe is Hong Kong’s greatest strength as an international financial center?
And how can Hong Kong consolidate these advantages?” SUNNY TAN~Chairman, Hong Kong Productivity Council “Hong Kong, historically, has been a very important international city in Asia. We have been conducting all sorts of trades and eventually being supported by the finance and tourism and properties. We can see that the finance side has been booming at different time period. In the recent months, we can see that liquidity comes in, and we are seeing that the Hong Kong financial market has been playing a very important role in supporting the next wave of the industrial and economic development.
For Hong Kong, I see that our Chinese mainland’s economic and industrial development will have a very big change and advancement, especially with the new 15th Five-Year Plan. And Hong Kong’s role in the finance side will be very important in providing all the necessary financial support to speed up the entire evolution.” LI SHUANG~Beijing “More and more technology companies from the Chinese mainland are choosing to list in Hong Kong.
What preferential policies and facilitation measures can Hong Kong offer to support them?” SUNNY TAN~Chairman, Hong Kong Productivity Council Chairman, Hong Kong Productivity Council “I think to start with, Hong Kong’s market has been very liquid. And in terms of IPO for this year, I believe Hong Kong is already world’s No.1. So, we are seeing that we are attracting the liquidity coming in and also, we are attracting investors in participating in all these IPOs. So, it’s very natural that people will be interested in being part of the Hong Kong stock market in terms of their capital raising.
Hong Kong has been very, I would say, creative and supportive of the tech companies coming for listing. We have the (Chapter) 18C (listing), which is a special section that allows new types of technology companies to come in—for the ones (companies) that may not have the right financial performance in terms of profitability and so on so forth, but then it still complies with the majority of the regulations and listing requirements. I think this is a very practical way in supporting the demand from the investors who are interested in participating with all these tech companies. And I think it’s a great match. We are seeing that more companies are coming for IPOs.” SOURCE: CGTN News
SOURCE: CGTN News