Chen Maobo: Hong Kong's new stock fundraising amount has exceeded HK$76 billion so far this year, a year-on-year increase of more than 7 times.

According to the Zhitsu Finance APP, on May 25th, the Financial Secretary of Hong Kong, Paul Chan Mo-po, stated in a blog post that last week, two large theme-oriented financial forums were held in Hong Kong, and the market fundraising activities were prosperous. Guests from different fields from domestic and overseas gathered in Hong Kong. Many experienced foreign investors expressed their intention to increase their asset allocation in mainland China and even in Asian regions through Hong Kong. In addition, the Hong Kong IPO market was lively over the past week, welcoming the largest IPO globally this year. Since the beginning of the year, the amount of funds raised from new IPOs in Hong Kong has exceeded HK$76 billion, which is more than seven times higher than the same period last year and has already reached nearly 90% of the total amount raised from new IPOs in the entire previous year.