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HK FSTB: IPO Funds Raised $79B in 11M24; Policy Direction Is to 'Make Pie Bigger'
2024-12-20 15:54:21 The Hong Kong equity market had become more active following the improvement in market sentiment in mid-September on the introduction of economy-backing policy measures by China, the Financial Services and the Treasury Bureau of Hong Kong (FSTB) posted on a social media platform saying. The average daily turnover of the stock market in October and November amounted to $208.3 billion, much higher than $113.3 billion in 9M24. In 11M24, the IPO funds raised amounted to $79 billion, up 110% from the same period of 2023, while the average daily volume of futures and options exceeded 1.5 million contracts, up 16% from the same period of 2023. Its policy direction is to continue to grow the size and capacity of the market, i.e. “making the pie bigger”, in order to enable the volume of investment, financing and risk management transactions to continue to grow in the medium to long term, the FSTB added. The fact that some participants have chosen not to participate in the market is an individual business decision and involves a very limited market share. ~ AAStocks Financial News Web Site: www.aastocks.com | |