HKEX(HK:00388) Zheng Quan Shi Bao·2025-09-08 01:43Group 1 - The Hong Kong stock market has shown significant recovery since September last year, with IPO activity returning to the top globally in the first half of this year, and daily trading volumes doubling [1] - The CEO of Hong Kong Exchanges and Clearing, Charles Li, noted that the enthusiasm for IPOs in Hong Kong is expected to continue, with over 200 companies currently in the pipeline, half of which are technology firms [4][6] - There is a notable increase in foreign investment interest in Chinese assets, shifting from a previous stance of "not investable" to "must invest," driven by a reassessment of the fundamentals of Chinese companies [3][4] Group 2 - The total financing amount for new IPOs in Hong Kong reached HKD 137.5 billion by the end of August, representing a nearly sixfold increase compared to the same period in 2024, significantly outpacing global IPO financing growth [6] - The trend of "A+H" listings has gained traction, with a focus on overseas financing platforms as companies expand internationally, indicating a shift in listing strategies [7][8] - The Hong Kong market is characterized by its inclusivity, allowing both large and small companies to list, which attracts diverse investor preferences [8] Group 3 - Despite the strong performance of the Hong Kong stock market, there are still gaps in product offerings compared to global markets, particularly in fixed income and commodities [10] - The Hong Kong Exchanges and Clearing plans to diversify its product range to enhance competitiveness, focusing on areas like fixed income and commodities [10] - The integration of REITs into the Stock Connect program is nearing completion, which will further enrich the trading options available to investors [11]