Hong Kong Stock Exchange Chairman, Tang Jiacheng: Mainland enterprises are still an important pillar supporting Hong Kong's new stock market.

On June 19th, looking back on the 25-year development history of the Hong Kong Stock Exchange, the Chairman of the Hong Kong Stock Exchange, K.C. Tang, stated that the close connection between the Hong Kong and mainland markets over the years has always created a win-win situation for both capital markets. Since 2000, the number of listed companies in Hong Kong has increased from 790 to over 2600, nearly tripled. Today, mainland enterprises listed in Hong Kong already account for 81% of the total market value. He also mentioned that although mainland enterprises remain an important pillar supporting Hong Kong's IPO market, companies from various Asian countries such as Singapore, Thailand, and Indonesia continue to show strong interest in listing in Hong Kong. Currently, the Hong Kong Stock Exchange has included 20 overseas markets in its list of recognized stock exchanges, including markets in Asia and the Middle East, allowing companies primarily listed in these markets to apply for a secondary listing in Hong Kong. "We believe that promoting the connection between China and the global market, promoting the internationalization of the renminbi, and supporting the development of mainland Chinese markets will continue to bring us endless opportunities; at the same time, we will actively explore new sources of capital from the Middle East and Southeast Asia, help technology innovation companies establish connections with capital, and transform visionary ideas into solutions that can change the world," Tang said.