On May 25th, Chan Mo-po, the Financial Secretary of Hong Kong, published a blog post highlighting the vibrant activity in Hong Kong's new share market over the past week, which has witnessed the largest new share listing globally this year. As of that date, Hong Kong's new share fundraising had surpassed HK$76 billion, representing a remarkable increase of over 700% compared to the same period last year. This figure accounts for nearly 90% of the total amount raised throughout the entire previous year. Chan Mo-po underscored that strengthening ties with the mainland is a significant advantage for Hong Kong's long-term development.
