Sou Hu Cai Jing·2025-12-25 01:56Core Insights - In 2025, Hong Kong's new stock market financing ranked first globally, with a significant increase in financing compared to the previous year, and the average daily trading volume reached a historical high [1] Group 1: Market Performance - The average daily trading amount in the cash market for the first 11 months of 2025 reached HKD 230.7 billion, a 43% increase compared to the same period last year [1] - As of December 19, 106 companies were listed on the Hong Kong Stock Exchange, with a total financing amount of HKD 274.6 billion, including 4 companies that made it to the global top ten new stocks of 2025 [1] - Companies listed on the Hong Kong Stock Exchange raised USD 66 billion through refinancing, demonstrating the vitality and depth of the Hong Kong capital market [1] Group 2: Sector Trends - Since the implementation of Chapters 18A and 18C of the Listing Rules, 88 biotech and specialized technology companies have been listed on the Hong Kong Stock Exchange, reflecting strong investor interest in frontier sectors [1] Group 3: Future Initiatives - Future initiatives include simplifying the number of shares per lot to 8 options, implementing a paperless securities market, and other major reform measures to ensure the continued vitality and competitiveness of the Hong Kong capital market [1] - The CEO of Hong Kong Exchanges and Clearing, Charles Li, stated that 2025 is a year of global investors returning to the Hong Kong market, with increasing market liquidity and a continuous stream of listings [1] - The Hong Kong Stock Exchange aims to expand its product ecosystem, offering a diverse range of market products, including equities, ETFs, derivatives, fixed income, currency products, and other risk management tools to meet various investor needs [1]