Guo Ji Jin Rong Bao·2025-10-22 07:38Core Insights - China's investment opportunities have regained global investor attention due to economic policies and technological innovations since September last year [1] - The Hong Kong market has shown strong performance, with record trading volumes in the securities and derivatives markets, and new stock market financing returning to the top globally [1] Group 1: Market Performance - As of September 30, 2023, the total IPO financing in Hong Kong reached HKD 182.9 billion, more than doubling compared to the same period in 2024 [3] - The average daily trading volume in the Hong Kong securities market reached HKD 256.4 billion, a 126% year-on-year increase [5] - The average daily trading volume for the derivatives market increased by 11% [5] Group 2: Investor Participation - There has been a notable increase in overseas investor participation in new stock subscriptions, particularly from Europe, the Middle East, and emerging markets [3] - The A+H listing model has developed further, with nearly half of the new stock financing in the first nine months coming from A+H listed companies [3] Group 3: Market Structure and Reforms - Recent listing policy reforms have enhanced the vitality of the Hong Kong capital market, attracting high-quality companies, especially in technology [4] - The "Tech Company Fast Track" launched in May aims to assist specialized technology and biotech companies in preparing for listings more efficiently [4] Group 4: Connectivity Mechanisms - The average daily trading volume for the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect reached RMB 206.4 billion, a 68% year-on-year increase [7] - The Southbound and Northbound ETF trading volumes have also seen significant activity, with Southbound ETFs averaging HKD 4.2 billion and Northbound ETFs averaging RMB 3.2 billion in daily trading [7] Group 5: Future Outlook - The company plans to continue optimizing listing arrangements and expanding connectivity mechanisms to promote the joint development of capital markets in both regions [9]