Chan Mo-po: Optimistic about the market situation in the Year of the Horse, will explore more new measures to enhance market competitiveness

On the first trading day of the Year of the Horse in the Hong Kong stock market, Financial Secretary Paul Chan attended the Hong Kong Stock Exchange (00388.HK) Lunar New Year opening ceremony and stated that the Hang Seng Index rose by 6,500 points last year in the Year of the Snake, an annual increase of 32%, making it the best-performing Year of the Snake ever, which gives him greater expectations for the Year of the Horse.

Looking ahead to the Year of the Horse, Chan is optimistic about the market conditions. Although he expects the external environment to remain complex and changeable, Hong Kong will continue to promote market reforms through a fair market environment, improve market infrastructure and development, and manage and respond to risks and disruptions effectively.

He further stated that technological transformation is accelerating, with AI, life sciences, and quantum computing reshaping Hong Kong's competitiveness and impacting the development of the Hong Kong market. The government will continue to attract more technology companies to list in Hong Kong and work with regulatory agencies to explore new measures to enhance market competitiveness and improve Hong Kong's trading mechanisms.

Under the "one country, two systems" framework, Hong Kong enjoys the advantages of this system. Under the 14th Five-Year Plan, Hong Kong will play a good role as a super connector. At the same time, the connectivity mechanisms will continue to deepen and expand, bringing greater liquidity to the capital market