Speaking at the HKEX Future Tech Summit in Shenzhen, she noted the amount of funds raised from initial public offerings reached HK$160 billion in the first five months of the year.
Chan also noted there’s been a structural shift in the city’s equity capital market that is seeing the technology sector now account for 44 percent of the total market capitalisation, compared with about 15 percent 10 years ago, while the turnover for shares in the segment rocketed sevenfold during the first five months.
“This shows that investor attention is continuing to shift towards the sectors with the highest growth potential,” she told participants.
“Hong Kong’s capital market is gradually transforming from a financing platform for the traditional economy to one that’s driven by technology and the new economy.
”We are confident that we can provide a deeper, more dynamic and more forward-looking capital market platform for global investors and technology enterprises.”
Chan also noted that 10 companies have listed in the SAR in the first five months of the year via the Chapter 18C rule, which allows large tech firms to list even if they have made no revenue.
The companies, which hail from industries such as robotics, autonomous driving, artificial intelligence and aerospace, together raised more than HK$25 billion.
Looking ahead, Chan believes China’s tech breakthroughs, especially in artificial intelligence, would offer “in-depth” growth opportunities for global investors as the advances are backed by the country’s rapidly growing tech ecosystem and infrastructure as well as energy supply.
