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Paul Chan: HK's Exchange Mkt Cap Has Growth Potential; New Economy Sector Mkt Cap Shr Rises to 35%
2025-11-05 10:40:21 Paul Chan, Hong Kong's Financial Secretary, said that with the reform of Hong Kong's listing system and the development of China's economy and technological innovation, the market cap share of the new economy sector has risen to 35%, doubling over the past eight years. He believes there is room for growth in the market cap of exchanges in Hong Kong, Shanghai, and Shenzhen. Chan also said that AI has become a driving force in industries such as finance and logistics. Amid rising geopolitical tensions, many AI professionals are using Hong Kong as a base for academic research and practical applications, while leveraging the industrial capabilities of the Greater Bay Area for implementation and testing. Hong Kong has the potential to build a vibrant and internationally connected AI ecosystem, Chan stressed. The government is guiding private capital toward related fields through direct investment in AI projects and startups, and is fostering stronger collaboration and development among top talent in Hong Kong. ~ AAStocks Financial News Web Site: www.aastocks.com | |