Paul Chan: Hong Kong is a safe haven for investors' funds

Hong Kong Financial Secretary Paul Chan Mo-po stated in a blog post on March 5th that the average daily turnover of Hong Kong stocks exceeded HK$300 billion in March, an increase of over 8% compared to the same period last year. This reflects Hong Kong's status as a reliable safe haven for capital, coupled with the stable economic growth of mainland China and the large number of high-quality companies listing in Hong Kong, providing investors with abundant investment opportunities. Chan noted that as of March 27th, Hong Kong's IPO fundraising this year had exceeded HK$103 billion, ranking first globally. Including subsequent financing, the total fundraising amount is approximately HK$237 billion. More importantly, an increasing number of companies listing in Hong Kong are emerging industries, with over 500 applications currently in the queue. It can be said that more and more companies view Hong Kong as an important window for financing and overseas expansion. (China News Network)