Core Insights - The total market capitalization of the securities market reached HKD 48.1 trillion by the end of October 2025, representing a year-on-year increase of 37% [1] - The average daily trading amount in October 2025 was HKD 274.9 billion, showing a year-on-year increase of 8% [1] - For the first ten months of 2025, the average daily trading amount was HKD 258.2 billion, which is a significant year-on-year increase of 102% [1] - The average daily trading amount for exchange-traded funds (ETFs) was HKD 34.3 billion, reflecting a year-on-year increase of 127% [1] - The total fundraising amount from initial public offerings (IPOs) was HKD 216 billion, marking a substantial year-on-year increase of 209% [1]