Chen Maobo: It is expected that more high-quality global technology companies will choose to list in Hong Kong.

Five new stocks debuted today, including Mainland China's self-driving company Momenta (06880) and silicon carbide power device manufacturer Basic Semiconductor (09971). Hong Kong Financial Secretary Paul Chan Mo-po stated during the listing ceremony that the listing of Momenta and Basic Semiconductor has multiple meanings, indicating the strength of Mainland China's leading technology companies. Through the international platform of Hong Kong, these companies can better align with international standards, increase global visibility, and add to the success stories of China's innovation and technology industry going global. Paul Chan Mo-po mentioned that the two companies seized the opportunity of the global market's interest in artificial intelligence and semiconductors, utilizing Hong Kong's active new stock market to further strengthen their research and manufacturing capabilities and expand their domestic and international business. He also mentioned that the listing provides a new channel for domestic and international investors to participate in the development of physical AI and cutting-edge semiconductor technologies in Mainland China, sharing the benefits of industry growth. The country is currently advancing the construction of a modern industrial system and accelerating the achievement of self-reliance in high-end technologies. It is expected that more high-quality technology companies from around the world will choose to list in Hong Kong.