The HKEX (
Thanks to the staunch support of our country,
For a long time, we have been playing an instrumental role in helping Mainland enterprises in going global, for which they have undertaken reforms and continuously enhanced their financial reporting and governance standards. We have also created the platform that connects international companies and capital to their Mainland counterparts.
Over the past two decades or so, we have seen remarkable growth of our listing platform. As elucidated by Laura (HKEX Chairman
In fact, we never stop moving to enhance our platform's competitiveness. As you could remember, in 2018, we introduced reforms to the listing rules to allow new economy companies with weighted voting rights structure to get listed in our stock exchange.
This has injected much liquidity and vibrancy to our stock market - today, we are home to more than 250 such companies. Although they constitute just 10% of the number of listed companies in
Just in March, the HKEX rolled out a new listing regime for pre-profit or pre-revenue hard tech companies, covering next-generation information technology to new materials and new energy. This is a move that will guide the needed capital to support frontier technological research, and help drive the development of relevant industries in
No less promising is the more pivotal role that
Come Monday morning, the new
Next, we will press ahead with the inclusion of RMB-denominated securities under Southbound Connect, so that Mainland investors can trade
Amid the lingering challenges brought by the still-tentative global economy and daunting geopolitical concerns, we will need to work together and harder to fortify our status as a world-class fund-raising platform.
As our country continues to embrace high-level two-way opening up and strengthen collaboration with economies around the world for mutual development and common prosperity, we have an important role to play. That is to better serve the financing needs of our partner countries - whether they relate to infrastructure financing or green projects.
In particular, as the world moves towards green and low-carbon transition, there is a lot more that
We are pleased to note that the HKEX is also an enthusiastic partner to green and environmental, social and governance development, including, as alluded to by Laura earlier, the launch of Core Climate as well as setting out proposals to enhance climate-related disclosures.
And, as RMB becomes more popular as a trading, investment and reserve currency, we are well positioned to offer more RMB-denominated investment and risk management products to satisfy such growing needs and further strengthen
(C) 2023 M2 COMMUNICATIONS, source