Hong Kong Small and Medium Listed Companies Association: Hong Kong small and medium listed enterprises welcome new opportunities in the "15th Five-Year Plan" period

Dr. Xi Chunying, the Chairman of the Association of Small and Medium Listed Companies in Hong Kong, recently stated in an article that the "14th Five-Year Plan" proposal clearly states the need to "accelerate high-level technological self-reliance and self-improvement, leading the development of new productive forces". For Hong Kong, "technological self-reliance" means transitioning from a financial center to a dual core function of "technology + capital"; for small and medium-sized listed companies, it means embracing a strategic window for reconstructing growth curves in the wave of artificial intelligence (AI), green transformation, digital economy, and capital innovation. Currently, there are about 2,600 listed companies on the Hong Kong Stock Exchange, with nearly 80% having a market value of less than HK$5 billion. In the next five years, the systematic opportunities of "mergers + transformation + technological upgrade" will become the core path for small and medium enterprises to break through. The first to complete the reshaping with AI, industry upgrading, and capital innovation will be the first to achieve valuation leap and value revaluation. Dr. Xi Chunying stated that the six definite mainlines proposed in the "14th Five-Year Plan" provide seven transformation directions for small and medium-sized listed companies in Hong Kong: driving industrial upgrading with AI, integrating into the unified national market, promoting consumer technology and innovation, promoting M&A system innovation, deepening high-level openness and international connectivity, participating in new urbanization, and embracing green finance and zero-carbon economy. He emphasized that under the dual drive of "leading new productive forces" and policy dividends, the core task of small and medium-sized listed companies in the next five years is to transition from "defensive operation" to "active transformation". The article concludes with seven reform policy recommendations to help small and medium-sized listed companies truly thrive and push forward transformative changes in Hong Kong's capital markets.