Chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou: Hong Kong capital market is the preferred platform for Mainland technology enterprises to go public overseas.

On May 28th, Dr. Huang Tianyou, Chairman of the Hong Kong Securities and Futures Commission, stated in his speech at the Global Summit on Chinese Enterprises Going Global that according to market data, Hong Kong's capital market has already deeply integrated into the internationalization layout of Mainland Chinese innovative companies, becoming the preferred platform for new economy enterprises to go public overseas. Since the implementation of the listing system reform in 2018, around 400 new economy companies have listed in Hong Kong, raising a total of nearly HK$3 trillion. In 2025, new economy enterprises will account for over two-thirds of new listings on the Hong Kong stock exchange, with the TMT sector becoming a core driver of trading activity in the secondary market. Dr. Huang noted that the globalization of technology companies is a necessary step for the country to transition from being a "manufacturing powerhouse" to an "innovation giant." This is not only a key move for companies to expand into global markets, but also an important engine for enhancing the country's core competitiveness. He mainly shared his views from the following four perspectives: 1. Hong Kong: a high-quality strategic hub for enterprises going global 2. High-quality capital market: enabling enterprises' full-cycle development 3. The mission of the Hong Kong Securities and Futures Commission: irrigating the soil of innovation with institutional innovation 4. Corporate governance: the ballast stone for the long journey of technological innovation Dr. Huang emphasized the importance of Hong Kong as a hub for Mainland Chinese companies going global and highlighted the need for continuous development of a high-quality capital market to support these enterprises. He also stressed the significance of strong corporate governance for sustainable development and steady global expansion of technology companies.