🌟🌟🌟Exciting times are ahead with the new rules by the Hong Kong Stock Exchange to promote IPO listings. These new rules will revitalise Hong Kong as a preferred IPO venue.
China's stimulus package announced in September has also significantly driven trading activity at HKEX too. In addition to that, HKEX's connect programs strengthen the integration of Hong Kong with mainland China's financial markets.
HKEX has a healthy IPO pipeline with 96 active applications as of September 2024. High profile listings like the Midea Group which raised HKD 35.7 billion, makes it the 2nd largest IPO in the world in 2024 and the largest in Asia. This momentum is expected to attract more Chinese enterprises to list on the Hong Kong Stock Exchange which will solidify HKEX's position as a leading hub for offshore listing of Chinese companies.
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