Jin Wu Financial News | Hong Kong Stock Exchange (00388) CEO Chen Yiting said that Hong Kong stock trading volume has improved markedly since April, reaching 130 billion to 150 billion yuan in the last week of April, which is exciting. However, during the May 1st holiday in the Mainland last week, Hong Kong stocks were still able to maintain over 100 billion transactions without North Water, reflecting the recovery of the stock market. Investors are beginning to regain confidence, which is conducive to the smooth listing of more new stocks.
She pointed out that since the China Securities Regulatory Commission announced five new measures for cooperation with Hong Kong, the Listing Division has received expressions of interest from many mainland companies and inquired about listing procedures. She believes that leading mainland companies will soon be listed in Hong Kong, which will boost the Hong Kong market.
In addition, she revealed that there were 65 new listing applications in the first quarter, and about 100 cases are queuing up for listing, which is a significant increase over last year.