HKEX(HK:00388) Shang Hai Zheng Quan Bao·2025-09-08 01:23Core Viewpoint - The Hong Kong stock market is experiencing a resurgence in interest from long-term foreign investors, shifting from a previous stance of avoidance to one of necessity for investment in Chinese assets [1][5]. Group 1: Market Activity - The Hong Kong Stock Exchange (HKEX) hosted the 2025 Future Technology Summit, indicating a vibrant atmosphere with full attendance and investor engagement [1]. - Daily trading volume in the Hong Kong stock market has significantly increased, with an average of 2.4 trillion HKD in the first half of the year, nearly doubling from the previous year [4]. - In September, three out of the first five trading days saw trading volumes exceed 3 trillion HKD [4]. Group 2: Foreign Investment Trends - There is a notable increase in foreign participation in the Hong Kong IPO market, with total new stock financing reaching 134.5 billion HKD in the first eight months of the year, a nearly sixfold increase compared to the same period in 2024 [4]. - The participation of foreign long-term funds in IPOs has risen, with some technology IPOs seeing 70-80% of subscriptions coming from overseas funds [4][5]. - The perception of Chinese assets has shifted from "cannot invest" to "cannot miss out," reflecting a growing consensus among global investors [5]. Group 3: Future Outlook - The HKEX aims to enhance its platform and product offerings to retain and attract more capital, ensuring sustainable growth in the market [6]. - The exchange is committed to being the first choice for mainland companies seeking to go public and is open to various sectors as long as they meet investor interest [6]. - There is a focus on providing liquidity and risk management tools for foreign investors, with plans to expand offerings in fixed income, foreign exchange, and commodities [7].