According to Odaily, Hong Kong Exchanges and Clearing Limited (HKEX) CEO Nicolas Aguzin has announced that the Hong Kong stock market is showing signs of recovery. Currently, there are 106 new IPO applications being processed. This year, Hong Kong has seen 40 new IPOs, ranking third globally in terms of the number of new listings.
The HKEX has been focusing on supporting the innovation and technology sectors through various reforms in its listing system. Since 2018, several chapters have been introduced to facilitate this support, including Chapter 8A and Chapter 18A. In 2022, Chapter 18B was introduced, followed by Chapter 18C in 2023. Additionally, the introduction of virtual asset futures ETFs and this year's virtual asset spot ETFs align with the development directions of Mainland China and Hong Kong, showcasing Hong Kong's strengths in these areas.