HKEX(HK:00388) Zhong Guo Xin Wen Wang·2025-12-31 13:31Group 1 - The Hong Kong Hang Seng Index achieved a yearly increase of 27.77%, marking its best annual performance since 2017 [1] - As of December 31, the Hang Seng Index closed at 25,630.54 points, down 224.06 points or 0.87% for the day, while the Hang Seng Technology Index and the National Enterprises Index also saw declines but recorded annual increases of 23.45% and 22.27% respectively [1] - The CEO of Hong Kong Exchanges and Clearing Limited, Charles Li, stated that 2025 was a year of renewed interest from global investors in the Hong Kong market, driven by innovation in mainland China and Asia [1] Group 2 - To enhance market activity and accessibility, the Hong Kong Stock Exchange implemented several trading and settlement rule optimizations in 2025, including a reduction in the minimum price fluctuation for stocks [2] - These reforms have successfully attracted numerous hard-tech and biopharmaceutical companies to list in Hong Kong, while also facilitating the inflow of international long-term capital and southbound funds, reshaping the funding ecosystem of the Hong Kong stock market [2] - Looking ahead to 2026, industry experts anticipate a continued surge in IPO activities in Hong Kong, with KPMG projecting 180 to 200 new listings and a fundraising scale of approximately 350 billion HKD [2]