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2026-02-20 18:49:17
[Hong Kong's Financial Sector Opens with Expectations for Rapid Growth] Amidst the resounding clang of gongs, the Hong Kong Stock Exchange opened its first trading day of the Lunar New Year on February 20th. The Hong Kong Gold Exchange also held its Lunar New Year opening ceremony on the same day. Hong Kong Financial Secretary Paul Chan Mo-po stated at the opening ceremony that the Hang Seng Index had risen nearly 6,500 points cumulatively during the Lunar New Year of the Snake, an increase of 32%. IPOs (Initial Public Offerings) and subsequent fundraising both performed strongly, significantly improving stock market liquidity and attracting a highly internationalized source of funds. Chan expressed cautious optimism about the market outlook for the Year of the Horse. He believes that while the external environment remains complex and volatile this year, as long as Hong Kong maintains an open and fair market environment, continuously promotes market reforms, strengthens market infrastructure and development, and effectively manages and addresses various risks, the market will surely be able to overcome obstacles and move forward like a galloping horse. (Xinhua News Agency)
