HONG KONG, March 9 (Xinhua) -- The daily average turnover of the Hong Kong stock market has surpassed 200 billion Hong Kong dollars (25.74 billion U.S. dollars) since the beginning of 2025, Bonnie Chan, chief executive officer of the Hong Kong Exchanges and Clearing Limited (HKEX), has said.
Speaking to local media on Sunday, Chan highlighted the robust performance of the Hong Kong stock market, noting that 71 companies listed on the exchange last year, raising a total of 88 billion Hong Kong dollars (11.32 billion U.S. dollars) in funds, up nearly 90 percent compared to 2023.
Chan also pointed out that 11 initial public offerings (IPOs) have already been launched in 2025, with more than 100 companies in the pipeline awaiting listing.
Chan attributed the market's strong momentum to a significant improvement in trading activity over the past year. The daily average turnover rose from approximately 100 billion Hong Kong dollars in 2023 to 132 billion Hong Kong dollars in 2024, to 200 billion Hong Kong dollars as of now.
In February alone, the daily turnover exceeded the 400 billion Hong Kong dollars (51.48 billion U.S. dollars) mark three times, driven largely by participation from international investors, she said, noting "Hong Kong is well-positioned to serve as a bridge connecting global capital with opportunities, further enhancing its international recognition."
Echoing Chan's optimism, Paul Chan, financial secretary of the Hong Kong Special Administrative Region government, in a blog post on Sunday, credited technological and industrial innovation for injecting dynamism into the market.
He noted that the strong performance of tech stocks has contributed to the market's upward trajectory, with the daily average turnover in February nearing 300 billion Hong Kong dollars (38.61 billion U.S. dollars).
