Key Takeaways
- • Financial Secretary Paul Chan said Hong Kong is positioned to offer businesses both growth opportunities and long-term capital across each stage of a company's development.
- • Follow-on fundraising on the Hong Kong Stock Exchange reached HK$570 billion in the first nine months of the year, according to Chan, indicating continued market support for companies beyond their initial listings.
- • Chan pointed to the city's concentration of venture capital, private equity, family offices and asset managers, supported by deep equity and bond markets, and said the government aims to connect these participants more closely across the corporate life cycle.
- • Hong Kong plans faster approvals, streamlined processes and clearer frameworks for new financial products while maintaining market integrity.
Summary
Financial Secretary Paul Chan said Hong Kong is well placed to provide businesses with both growth opportunities and long-term capital. He made the remarks on Wednesday during a conversation session with investors on the second day of the Global Financial Leaders' Investment Summit in Central, as reported by RTHK News.
Chan argued that a company requires different forms of capital at each stage of its development to convert its potential into sustained growth, and that Hong Kong is positioned to fill that role. He framed the city's advantages within the "One Country, Two Systems" framework, noting its close connection to the Chinese mainland, a common law legal system, free flow of capital and international networks. These, he said, provide a trusted and familiar environment for global investors seeking to participate in China's growth.
Chan said Hong Kong already brings together venture capital, private equity, family offices and asset managers, supported by deep equity and bond markets. The government's task, he said, is to connect these participants more closely across the corporate life cycle. He cited follow-on fundraising on the Hong Kong Stock Exchange of HK$570 billion in the first nine months of the year as evidence that the market continues to support companies well beyond their initial listings.
Chan also said the policy aim is to broaden allocation choices so investors can manage risk and liquidity in support of long-term value creation. He said Hong Kong will continue to improve market efficiency through faster approvals, streamlined processes and clearer frameworks for new financial products, without compromising the city's integrity.
Chan argued that a company requires different forms of capital at each stage of its development to convert its potential into sustained growth, and that Hong Kong is positioned to fill that role. He framed the city's advantages within the "One Country, Two Systems" framework, noting its close connection to the Chinese mainland, a common law legal system, free flow of capital and international networks. These, he said, provide a trusted and familiar environment for global investors seeking to participate in China's growth.
Chan said Hong Kong already brings together venture capital, private equity, family offices and asset managers, supported by deep equity and bond markets. The government's task, he said, is to connect these participants more closely across the corporate life cycle. He cited follow-on fundraising on the Hong Kong Stock Exchange of HK$570 billion in the first nine months of the year as evidence that the market continues to support companies well beyond their initial listings.
Chan also said the policy aim is to broaden allocation choices so investors can manage risk and liquidity in support of long-term value creation. He said Hong Kong will continue to improve market efficiency through faster approvals, streamlined processes and clearer frameworks for new financial products, without compromising the city's integrity.
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