Li Jiachao: Hong Kong ranked first in the world in IPO fundraising in the first 10 months, with a total amount exceeding US$26 billion

Foresight News reported that Hong Kong SAR Chief Executive Lee Ka-chiu said that the average daily trading volume of the Hong Kong stock market this year exceeded US$32 billion, doubling last year. In the first 10 months of this year, Hong Kong had 80 IPOs raising funds, with a total amount exceeding US$26 billion, ranking first in the world in terms of IPO funds raised. "To maintain this pace, Hong Kong has actively promoted many reforms, allowing overseas companies to improve the efficiency of financing trade risk management, and promoting RMB stock trading. We are determined to develop Hong Kong into a global center for digital assets and work with regulators to prepare for the future, with the aim of ensuring the healthy and sustainable development of digital assets in the future. In addition to licenses, Hong Kong also has a sandbox project to enable fintech applications to be tested in a controlled environment."
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