BUSINESS · AI-ASSISTED SUMMARY
Hong Kong Offers Businesses Growth and Capital, Says Financial Secretary
WHY IT MATTERS
Hong Kong's ability to provide businesses with growth opportunities and long-term capital could attract more investors and support the city's economic growth, making it a key player in China's enormous growth.
What happened
Hong Kong's Financial Secretary, Paul Chan, emphasized the city's potential to provide businesses with both growth opportunities and long-term capital. Speaking at the Global Financial Leaders' Investment Summit, Chan highlighted Hong Kong's unique position under the 'One Country, Two Systems' framework, which connects it to the Chinese mainland.
He noted that the city's common law legal system, free flow of capital, and international networks create a trusted environment for global investors. Chan stated that Hong Kong brings together various forms of capital, including venture capital, private equity, and asset managers, and aims to connect them more closely across the corporate life cycle.
The city's market continues to support companies beyond their initial listings, with follow-on fundraising on the Hong Kong Stock Exchange reaching HK$570 billion in the first nine months of the year.
LINKED SOURCES
HK offers businesses growth and capital: FS
RTHK Finance News · Discovery only; RTHK copyright terms apply
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