Director General Diagnoses Hong Kong Financial Market: Policy Support Drives Diversified Development

Hong Kong Financial Secretary Paul Chan Mo-po recently stated on a radio program that the Hong Kong financial market has shown strong growth momentum this year. This is not a coincidence but the result of joint efforts by the government, regulators, and all sectors of society. He emphasized the importance of confidence, determination, and perseverance, believing that the country’s achievements in productivity and technology provide a solid foundation for Hong Kong’s development.

Policy Support Behind Market Prosperity

According to Hong Kong Radio, about 20 companies have been listed on the Hong Kong Stock Exchange since 2026, raising a total of HKD 8 billion. Meanwhile, approximately 480 companies are waiting to go public, including 10 international firms, demonstrating continued investor confidence in the Hong Kong market. Secretary Paul Chan highlighted the advantages of the “One Country, Two Systems” policy framework, noting that the opportunities it provides for national development are gradually transforming into growth drivers for Hong Kong’s financial market.

Trading Activity Reaches Record Highs

Data shows that the average daily trading volume of Hong Kong stocks exceeded HKD 27 billion last month, with the highest single-day trading volume surpassing HKD 30 billion. This reflects a significant increase in market participation. Secretary Paul Chan attributed this active trading to growing confidence in economic prospects and the sustained support of government policies.

New Asset Classes Drive Development

To build a more comprehensive international financial center, the Hong Kong government actively promotes the development of new asset classes such as the bond market and commodities market. Under Secretary Paul Chan’s leadership, the London Metal Exchange officially recognized Hong Kong as a base for non-ferrous metal delivery last year. Subsequently, Hong Kong established 15 warehouse facilities, storing over 20,000 tons of non-ferrous metals. This move marks Hong Kong’s progress toward becoming a comprehensive financial services hub that not only provides financial services but also supports the real economy.

Growth of Family Offices Boosts Wealth Management

The number of family offices in Hong Kong has increased to 3,384, representing over 25% growth since 2003. Secretary Paul Chan pointed out that these family offices require services in accounting, investment management, legal affairs, and more, contributing approximately HKD 1.3 billion annually to Hong Kong’s economy. This growth trend indicates that Hong Kong’s position as an Asian wealth management center is becoming increasingly solidified.

Open Market Attracts Global Capital

Secretary Paul Chan stated that the Hong Kong government aims to further attract domestic and international funds by offering a wide range of financial products and favorable policies, creating more opportunities for the local economy, service industry, and employment market. This strategic approach positions Hong Kong as a hub connecting global capital with China’s development, fully leveraging the advantages of the “One Country, Two Systems” framework.