HK offers businesses growth and capital: FS

Financial Secretary Paul Chan emphasized Hong Kong's ability to offer businesses growth prospects and long-term capital during a Wednesday session at the Global Financial Leaders Investment Summit. He explained that companies require various forms of capital throughout their development stages to transition potential into consistent growth, which Hong Kong can facilitate.

Under the "One Country, Two Systems" framework, Hong Kong maintains a close connection to the Chinese mainland while providing a common law legal system, free capital flow, and international networks—creating a trusted and familiar environment for global investors interested in China's rapid expansion. Chan highlighted the city's existing ecosystem of venture capital, private equity, family offices, and asset managers, complemented by deep equity and bond markets.

His vision is to further integrate these elements across the corporate life cycle. Chan also revealed that follow-on fundraising on the Hong Kong Stock Exchange reached HK$570 billion in the first nine months of the year, demonstrating the city's ongoing support for companies beyond their initial listings. He expressed the goal of broadening investment options to better manage risks and liquidity, thereby supporting long-term value creation.

Chan pledged to enhance market efficiency through quicker approvals, simplified procedures, and clearer guidelines for new financial products, all while safeguarding the city's integrity.