Hong Kong Treasury Department: The daily average turnover of GEM in March this year is about HKD 78 million, up 77% year-on-year.

According to the Zhutong Finance APP, on April 30th, the Financial Secretary of Hong Kong, Mr. Paul Chan Mo-po, stated in response to legislators that since the reform of the Growth Enterprise Market (GEM), a total of three companies have been listed on the GEM by 2024. As of the end of March this year, the Hong Kong Stock Exchange was processing more than 100 listing applications, including applications for GEM listing. In terms of liquidity, the trading volume of the securities market has repeatedly reached new highs, with the overall average daily trading turnover of both the main board and GEM increasing by 26% annually. The overall average daily trading turnover for the first three months of this year has increased by 144% annually. The average daily trading turnover of GEM in March was approximately 78 million Hong Kong dollars, an increase of 77% compared to the previous year. Under the newly implemented "simplified transfer mechanism," one company successfully transferred to the main board for listing in February of this year.