Chen Yiting: 24-hour trading in Hong Kong stocks may be detrimental to retail investors, with the number of companies waiting to go public reaching a new high

The Nasdaq Stock Exchange in the United States is preparing to extend trading hours to 23 hours, and there are calls for 24-hour trading in Hong Kong as well. HKEX (00388.HK) CEO Charles Li believes that the local stock market may not be suitable for this and could put retail investors at a disadvantage, requiring careful consideration.

Charles Li stated yesterday (15th) at the HSBC Global Investment Summit that if we were to do the same thing and extend Hong Kong stock trading hours, during the daytime in the U.S., they could buy and sell Hong Kong stocks, inadvertently putting Hong Kong retail investors at a disadvantage, as they would be asleep and wake up to find the market conditions completely different.

Regarding HKEX's product layout, he revealed that the amount raised by new stocks this year has reached 40% of last year's total, with the number of companies queued for listing at an all-time high; in addition, over 10 multinational companies are currently preparing to issue new stocks in Hong Kong, which could provide investors with richer choices