Advertisement
HKEX
BusinessBanking & Finance

Hong Kong must continue to promote itself to attract international listings, capital and investors, Paul Chan and Bonnie Chan tell forum

  • Hong Kong has to find a way to navigate geopolitical challenges ‘and find new opportunities’, Paul Chan tells Fortune Innovation Forum 2024
  • A lot of firms still very keen to IPO in Hong Kong, but are just waiting for the right conditions to arrive: HKEX’s Bonnie Chan

3-MIN READ3-MIN
Paul Chan at the Fortune Innovation Forum in Hong Kong on Wednesday. Photo: Bloomberg
Enoch Yiu
Hong Kong must continue to promote itself to attract listings by international companies and global investors, Paul Chan Mo-po and Bonnie Chan Yiting said on Wednesday.
Paul Chan, Hong Kong’s financial secretary, and Bonnie Chan, the CEO of bourse operator Hong Kong Exchanges and Clearing (HKEX), were speaking at Fortune Innovation Forum 2024.

“The geopolitical challenges will continue to be there for some time,” Paul Chan told the gathering. “We have to find a way to navigate all these [issues] and find new opportunities.”

Advertisement

The government and HKEX have been promoting the unique features of the city’s capital market to Middle Eastern and Asean countries since last year, and such efforts will continue, he added.

“We are diversifying our sources for new listed companies, as well as the sources for our capital and investors coming to use our platforms,” Chan said.

Advertisement
The third-largest stock market in Asia, Hong Kong stock exchange has faced a tough time since last year. Daily turnover of its stock market fell 16 per cent to HK$105 billion (US$13.4 billion) in 2023, exchange data shows. Proceeds from new initial public offerings (IPOs) dropped by more than half to a 20-year low of US$5.9 billion, LSEG data shows.
Advertisement
Select Voice
Select Speed
1.00x