On the 6th, Hong Kong Special Administrative Region Financial Secretary Paul Chan stated that Hong Kong stocks rose a cumulative 18% last year, and the momentum is expected to continue positively into 2025. The number of cases applying for IPOs in Hong Kong is rapidly increasing, with the amount raised in the first half exceeding HKD 107 billion, an increase of about 22% compared to the whole of last year, temporarily ranking first in the world. Paul Chan mentioned that in the recent rise of Hong Kong stocks, funds have mainly favored technology stocks, significantly increasing trading in derivative products related to technology stocks. Exchange-traded products (ETP) linked to different types of assets have become a vital force supporting the liquidity of Hong Kong stocks in recent years, effectively playing a liquidity buffer role amid market fluctuations.

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