Xinhua Agency, Hong Kong, October 6. The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, published a blog on the 6th, saying that next month, the Special Administrative Region Government's 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 them come from the artificial intelligence and big data fields, respectively from the mainland, the United States and Europe, and some of them are leading companies in their fields.

Chen Maobo pointed out that entering the fourth quarter of 2024, the overall market sentiment has improved significantly. The Hang Seng Index has risen to a two-and-a-half-year high, with a cumulative increase of more than 5600 points in the past 15 trading days, an increase of 33%. The average daily transaction volume from September to last Friday was approximately HK$192 billion, double the average daily transaction volume in August.

Chen Maobo said that looking back on the past period of time, Hong Kong's listing system has continued to reform and innovate. In 2018, Hong Kong allowed biotech companies that have not yet made profits or revenue, as well as new economy companies with same share and different equity structures, to list in Hong Kong. At present, more than 330 new economy companies have been listed in Hong Kong. Although they only account for about 13% of the number of listed companies, their total market value exceeds HK$9.6 trillion, accounting for more than 26% of the total market value of Hong Kong stocks, and accounting for nearly 23% of the average daily trading volume of Hong Kong stocks, bringing the Hong Kong stock market to a new level. Last year, Hong Kong further introduced Chapter 18C of the listing clauses specifically for special technology companies to support financing for innovative companies engaged in special technology. These reforms have not only enhanced the attractiveness and vitality of Hong Kong's stock market, but also made Hong Kong the preferred listing place for many entrepreneurial companies.

Chen Maobo emphasized that the listing of more innovative and high-quality companies in Hong Kong will enrich the industry structure of Hong Kong listed companies and attract more investors focusing on new economic growth points and long-term interest in the Hong Kong stock market. A vigorous capital market will also attract more high-quality companies, forming a virtuous cycle.

Chen Maobo said that at the end of this month, he will lead a delegation including the financial and entrepreneurial industries to the Middle East to promote Hong Kong's latest development as an international financial, trade and entrepreneurial science center, Hong Kong's unique advantages and functions under "one country, two systems", as well as new opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area and the joint construction of the "Belt and Road" initiative. Further deepening multi-level exchanges and cooperation between Hong Kong and Arab countries will bring more mutually beneficial business opportunities to investors and enterprises from both sides, and better highlight the role and contribution of Hong Kong's "super contacts" and "super value-added people".