HONG KONG - Maintaining market trading during extreme weather and other reform measures have made Hong Kong's financial market more brisk and competitive, Chief Executive John Lee said in a social media post on Monday.
The HKSAR government's moves to streamline market listing procedures have helped boost initial public offerings by 30 percent year-on-year to 52 cases by mid-July. Total funds raised soared 590 percent to HK$124 billion ($15.8 billion), making Hong Kong the biggest IPO market worldwide, said Lee.
The HKSAR government will continue to improve listing procedures and add market liquidity to enhance Hong Kong's appeal to upstanding companies seeking to raise funds, added the chief executive.
READ MORE: Hong Kong regaining status as premier IPO market
The Hang Seng Index has hiked about 25 percent so far this year.
