Paul Chan said funds raised in HK’s IPOs ranked world 1st in first half year

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Paul Chan said funds raised in HK's IPOs ranked world 1st in first half year

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Financial Secretary Paul Chan said Hong Kong completed 42 initial public offerings in the first half of the year, , raising more than HK$107 billion, ranking first in the world.

Paul Chan said in his blog that funds raised by initial public offerings in the first half of the year, or IPOs, was about 22 percent more than the whole of last year. 

So far, about 200 cases have been received for IPOs in Hong Kong, including companies from the Middle East and Southeast Asia.

He said that the market is generally optimistic about Hong Kong stocks and the performance of the market of new stocks market in the second half of the year, which shows that the past internal and external publicity and promotion efforts are gradually showing results.

Chan said Hong Kong will strengthen overseas publicity to allow local investors to better understand Hong Kong's advantages and development opportunities.

Paul Chan also said that he will visit Seoul, South Korea, where there has been an increased interest in investing in Hong Kong recently, and hopes to further attract investment. In the second half of the year, more themed visits will be carried out to make the promotion work deeper and more precise.

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