Chen Yiting: It is difficult to say that the Hong Kong stock market has bottomed out at present. In the long run, more opportunities are expected

According to the Vantage News APP, the new CEO of the Hong Kong Stock Exchange, Chen Yiting, stated at a forum that it is difficult to say that the Hong Kong stock market has bottomed out. She admitted that in the past few years, global and Hong Kong capital markets have faced many challenges, especially those brought by high interest rates. However, she emphasized that Hong Kong and the Stock Exchange play a "super connector" role between China and the world. In the long run, she sees more opportunities and the Hong Kong Stock Exchange will be prepared to capture different opportunities when market conditions improve. She believes that many companies still wish to go public, but they are reluctant to sell their shares cheaply in the current market environment.

She pointed out that in recent years, issuers around the world have tended to list on their local markets, possibly due to travel restrictions during the pandemic or out of nationalism. However, as these companies grow, they may find that the local market cannot meet their financing needs, leading them to look towards international capital markets. She continued to mention that the Hong Kong Stock Exchange currently has offices in London, New York, and Singapore, and is actively communicating with many issuers worldwide. She believes that when market conditions become more favorable, the Hong Kong Stock Exchange will be in a favorable position to capture these opportunities.

She also mentioned that China, as the world's second-largest economy, has maintained its annual economic growth target at around 5% during this year's two sessions, which is still quite substantial. There are currently many growing companies domestically, and she believes that there will be a strong supply of issuers in the market