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Paul Chan Upbeat on Mkt Conditions in Yr of Horse, Exploring New Measures to Enhance Competitiveness
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On the first trading day of the Year of the Horse, Hong Kong's Financial Secretary Paul Chan attended HKEX (00388.HK)'s Lunar New Year opening ceremony and remarked that the HSI rallied by 6,500 points last year, a 32% leap YoY, marking the best performance in the Year of the Snake historically, which made him more hopeful for the Year of the Horse. Looking ahead to the Year of the Horse, Chan painted an upbeat tone on market conditions. Although the external environment was anticipated to remain complex and volatile, Hong Kong will leverage its level-playing field to continuously drive market reforms, improve market infrastructure and development, and manage and respond to risks and disruptions. He added that technological transformation is accelerating, with AI life sciences and quantum computing reshaping Hong Kong's competitiveness and impacting market development. The government will continue to attract more tech companies to list in Hong Kong and collaborate with regulatory bodies to explore new measures to enhance market competitiveness and improve Hong Kong's trading mechanisms. AASTOCKS Financial News Website: www.aastocks.com |
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