Sun Dong, Secretary for Innovation, Technology and Industry of Hong Kong, wrote in his blog that the city's innovation and technology industry has become a key engine for economic growth. He cited data that in 2023, the Manufacturing and New Industrial Industry added value reached HKD76.8 billion, representing a YoY increase of 7.6%, accounting for approximately 2.6% of the local GDP. Related NewsHSBC Research Lists H-Shrs Most Favored by Domestic Active Mutual Funds/ Southbound Capital in 2Q (Table)The development of innovation and technology will concurrently boost the financial market, with Hong Kong's IPO fundraising amounting to HKD107.1 billion in the first half of 2025, a sevenfold YoY upsurge, ranking first globally, Sun accentuated. The listing of key tech companies such as CATL (03750.HK) -3.200 (-0.788%) Short selling $59.40M; Ratio 4.171% and UBTECH ROBOTICS (09880.HK) -1.650 (-1.833%) Short selling $17.54M; Ratio 2.966% in Hong Kong reflects the enhanced innovation and technology atmosphere in the city, said Sun. It is expected that the HKEX (00388.HK) -10.000 (-2.342%) Short selling $354.78M; Ratio 8.476% 's newly added technology enterprises channel (TECH) optimizing listing rules will attract more specialized tech firms to raise funds in Hong Kong, achieving a synergy between finance and innovation and technology.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)Related NewsHSBC Global Research Lifts CATL (03750.HK) TP to $479; Overseas Mkt Shr Expansion Fuels Growth