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Hong Kong IPO fundraising exceeds 100 billion, leading globally in the first half of the year.
[Coin World][Paul Chan: The IPO fundraising amount of Hong Kong stocks in the first half of the year exceeds 107 billion HKD, ranking first in the world] The Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, stated on the 6th that Hong Kong stocks rose 18% last year, and the momentum is expected to continue into 2025. The number of cases applying for IPOs in Hong Kong is rapidly increasing, with fundraising in the first half of the year exceeding 107 billion HKD, an increase of about 22% compared to the entire last year, temporarily ranking first in the world. Paul Chan mentioned that during the recent rise of Hong Kong stocks, funds have mainly favored technology stocks, which significantly boosted trading in technology-related derivatives. Exchange-Traded Products (ETP) linked to different types of assets have become a new force supporting the liquidity of Hong Kong stocks in recent years, effectively playing a role in liquidity buffering during market fluctuations.