Hong Kong's Financial Secretary: Cities Offer Growth and Capital for Businesses

Financial Secretary Paul Chan highlighted that Hong Kong, under the 'one country, two systems' framework, provides connected access to the Chinese mainland, along with a free flow of capital and international networks, to offer a trusted and familiar environment for global investors participating in China's enormous growth. The city demonstrated strong market support through follow-on fundraising reaching HK$570 billion in the first nine months of the year.

Financial Secretary Paul Chan stated that Hong Kong offers businesses both growth opportunities and long-term capital support. During a conversation with investors at the Global Financial Leaders' Investment Summit, Chan emphasized the importance of capital at various stages of a company's development. Under "One Country, Two Systems," Hong Kong's connection to the Chinese mainland, combined with a common law legal system and free capital flows, provide a trusted environment for global investors. Chan highlighted Hong Kong's current integration of venture capital, private equity, family offices, and asset managers, as well as its deep equity and bond markets. Additionally, he noted that follow-on fundraising on the Hong Kong Stock Exchange reached HK$570 billion in the first nine months, supporting companies beyond their initial listings. Chan also expressed plans to expand allocation choices and enhance market efficiency through faster approvals and clearer frameworks for new financial products.

Hong Kong is positioning itself as a hub for global investment by highlighting its role in providing sustained capital for businesses. This is being done alongside its role as a gateway to the Chinese mainland market. Chan's remarks reflect the city's persistent efforts to stay relevant in the global financial landscape. By adapting regulatory frameworks and continuously improving market conditions, Hong Kong aims to further attract and support investors and businesses, contributing to long-term economic growth.

Financial Secretary Paul Chan's statement underscores Hong Kong's strategic role in bridging the gap between international investors and the Chinese mainland's economic opportunities. With a robust legal system and well-developed financial markets, the city is well-positioned to meet the diverse capital needs of companies. The emphasis on expanding allocation choices and improving market efficiency signals Hong Kong's commitment to staying a leading financial hub, ensuring a supportive environment for long-term value creation. This initiative aligns with broader trends of financial centers adapting to new market demands and regulatory changes.