Edward Yau: The market value of Hong Kong stocks has risen to HKD 39.4 trillion, and it is expected that many companies will accelerate their listing process in Hong Kong.

Jinshi data news on October 6th, the Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, published a director's essay on the government's website, stating that as the fourth quarter of 2024 approaches, the overall market sentiment has significantly improved, with the Hang Seng Index rising to a high level of about two and a half years. In the past 15 trading days, it has risen by more than 5600 points, with a 33% increase. From September to this Friday, the average daily turnover was about 192 billion Hong Kong dollars, twice the average daily turnover in August. The market capitalization of Hong Kong stocks has also risen to 39.4 trillion Hong Kong dollars. Some investment products with a high proportion of Hong Kong stocks have also performed well. Taking the MPF investment as an example, a research institution report pointed out that the outstanding performance of Hong Kong stocks in September resulted in a total return of over 7% for the third quarter, the best quarter performance in nearly two years. It can be expected that the recovery of the market and the cautious optimism of investors will accelerate the listing process of many companies in Hong Kong, including many innovative technology enterprises; and also promote more companies to establish a presence in Hong Kong.