Chen Maobo: Hong Kong IPOs raised about $16 billion in the first 8 months of this year, investors have regained confidence in Hong Kong.

Hong Kong Financial Secretary Paul Chan Mo-po said in his opening speech at the Australian Society of Accountants forum that the Hang Seng Index has risen by 18% compared to last year, and Hong Kong IPO fundraising reached approximately $16 billion in the first 8 months of this year. This shows that investors have regained confidence in Hong Kong, reflecting the unique advantages under the principle of "one country, two systems". Paul Chan Mo-po stated that as China continues to drive technological innovation and promote high-quality two-way opening up, more and more mainland companies are using Hong Kong as the starting point for their supply chains. Hong Kong is actively developing innovative technologies and collaborating with other friendly cities in the Greater Bay Area to establish a world-class innovation and technology ecosystem. He mentioned that artificial intelligence (AI) is rapidly transforming the global economy. AI is reshaping business models, redefining opportunities, and fundamentally changing the way we work, communicate, and live.