"New Stocks" Xu Zhengyu: So far this year, about 20 companies have gone public in Hong Kong, and approximately 480 enterprises are waiting to be listed

The Secretary for Financial Services and the Treasury, Hui Cheng-yu, stated that there are currently about 480 companies waiting to go public, including 10 international companies. So far this year, approximately 20 companies have listed in Hong Kong, raising over HKD 80 billion. He believes that the current performance of Hong Kong stocks is not accidental, but rather the result of the collective efforts of various sectors of society, including the government and regulatory agencies.

He emphasized that in addition to the development of the stock market, the government is also keen to promote new asset classes, including the bond market and commodity market, hoping to make Hong Kong a comprehensive international financial center. For example, Hong Kong has received recognition from the London Metal Exchange (LME), and within a year of submission, 15 warehousing facilities have been established, storing over 20,000 tons of non-ferrous metals. Additionally, the number of single family offices in Hong Kong has increased to 3,384, a growth of over a quarter since 2003.

Over the past weekend, U.S. President Trump announced a 15% tariff increase globally. Hui Cheng-yu stated that Hong Kong's economy has a certain level of resilience, including the service industry accounting for a significant portion of the local GDP. In the past, even when affected by tariffs, the impact on Hong Kong's economy has been relatively limited. He also mentioned that the U.S. tariff increase reflects the stability and certainty of Hong Kong's policies, showcasing Hong Kong's advantages as a safe haven or refuge for capital and investment, while also highlighting the importance of predictability to global investors