PANews reported on October 6 that the Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan Mo-po, published a Secretary’s Essay stating that entering the fourth quarter of 2024, the overall market sentiment has improved significantly, with the Hang Seng Index rising to a high of about two and a half years. The cumulative increase during the trading day exceeded 5,600 points, an increase of 33%. The average daily turnover from September to this Friday was approximately HK$192 billion, which was double the average daily turnover in August. The value of the Hong Kong stock market also rose to HK$39.4 trillion. The performance of some investment products with a high proportion of Hong Kong stocks has also increased. Taking Mandatory Provident Fund investment as an example, a research institution reported that the outstanding performance of Hong Kong stocks in September contributed to the overall return of Mandatory Provident Fund funds in the third quarter exceeding 7%, which was the best quarter in the past two years. It can be expected that the rebound in market conditions and investors' cautious optimism about the market outlook will push many companies to speed up the process of listing in Hong Kong, including many innovation and technology companies; it will also encourage more companies to settle in Hong Kong.
Next month, the Office for the Introduction of Key Enterprises will announce a new list of key enterprises, involving more than a dozen companies, more than half of which are from the fields of artificial intelligence and big data, from the mainland, the United States, Europe and other places, some of which are leading companies in their fields.