Core Insights - Hong Kong's IPO market has seen significant growth in 2023, with 69 new listings and over HKD 180 billion raised, more than doubling compared to the same period last year, making it the top market globally [1] - The Hong Kong Stock Exchange (HKEX) is actively optimizing listing mechanisms to attract potential companies from around the world, including easing regulations for overseas issuers [2][3] - The ETF market in Hong Kong has rapidly developed, with average daily trading volume reaching HKD 34.2 billion in the first three quarters of 2025, a 113% increase from 2024 and a 190% increase from 2023 [4] Listing Market Developments - The number of IPO applications is increasing, with nearly 300 applications being processed by HKEX as of September [1] - The GEM market has seen four companies listed since its reform in 2024, raising HKD 280 million, indicating early success of previous measures [1] - The government is committed to enhancing the competitiveness of Hong Kong as a listing venue by reviewing the effectiveness of listing reforms and optimizing regulations [3] International Participation - International investors are increasingly participating in Hong Kong's IPO market, with issuers from countries like Thailand, Indonesia, Kazakhstan, and Singapore choosing to list in Hong Kong [1] - Over half of the companies that went public in Hong Kong this year have international business operations, with an average of 50% of their revenue coming from overseas markets [1] ETF Market Growth - The ETF market in Hong Kong has become one of the largest and most active in Asia, supported by various policy initiatives [4] - Recent innovations include the launch of the first ETF tracking the Saudi Arabian market and the introduction of virtual asset ETFs [4] - The government has implemented tax exemptions for ETF transactions to lower costs and promote market growth [3][4] Future Initiatives - The government aims to collaborate with stakeholders to introduce more innovative products, including tokenized ETFs and gold-related ETFs [5] - HKEX is focusing on promoting its services in ASEAN and the Middle East to enhance the local ETF ecosystem [5]

Core Viewpoint - The Hong Kong government is implementing a "no market closure during typhoons" policy starting September 23, 2024, to enhance the resilience and competitiveness of its financial markets [1] Group 1: Market Developments - The Hong Kong IPO market has seen significant activity in 2023, with 52 IPOs by mid-July, representing a 30% year-on-year increase [1] - Total funds raised through IPOs reached 124 billion HKD, marking a 590% increase compared to the previous year, positioning Hong Kong as the leading global market for IPOs [1] - The Hang Seng Index has risen by 25.3% year-to-date, indicating a positive market trend [1] Group 2: Future Initiatives - The Hong Kong government plans to continue improving listing regulations and enhance stock market liquidity to attract more high-quality companies to list in Hong Kong [1] - A new policy address is being developed, incorporating insights from government, businesses, experts, and the public to drive Hong Kong's development forward [1]

Core Viewpoint - The Hong Kong government is implementing significant reforms in the financial market, including the "Typhoon No Trading" policy, to enhance market operations during adverse weather conditions and improve competitiveness with international markets [1]. Summary by Relevant Sections - **Market Performance**: As of mid-July 2023, Hong Kong has seen 52 IPOs, a 30% increase year-on-year, raising a total of 124 billion HKD, which is a 590% increase compared to the previous year, making it the top global market for IPOs. The Hang Seng Index has risen by 25.3% this year [1]. - **Future Initiatives**: The Hong Kong government plans to continue improving listing systems and promote stock market liquidity to attract more high-quality global enterprises to list in Hong Kong, thereby enhancing its appeal and vitality as a listing location [1]. - **Consultation for Policy Report**: The government is currently consulting on a new policy report, aiming to integrate insights from government, businesses, experts, and the public to drive Hong Kong's development forward [1].

香港特区行政长官李家超今日(21日)表示，去年9月23日起，香港交易所实施"打风不停市"安排，落实 香港金融市场的重要改革。自此，香港证券市场在恶劣天气下仍可维持运作，这一改革措施让香港市场 进一步与国际接轨，提升市场竞争力。李家超指出，特区政府近年落实一系列上市制度革新措施，新股 市场今年以来呈现繁荣现象。今年截至7月中，迎来共52次IPO，按年增加30%，共集资1240亿港元，按 年上升590%，暂列全球第一，恒生指数今年以来累计上升25.3%。未来特区政府会持续完善上市制度、 进一步促进股票市场流动性，吸引全球更多优质企业来港上市，提升香港作为上市地点的吸引力和活 力。(大湾区之声) ...