Hong Kong's construction of its international financial center is accelerating—entering a new growth stage through new listings and multi-asset strategies

Hong Kong’s financial markets are now entering a new phase of growth aligned with the country’s development policies. Through an increase in listed companies, expanded trading volumes, and the development of diverse asset classes, the region is further strengthening its position as a financial hub in East Asia.

Listing Boom and Rapid Expansion of Trading Activity

This year, about 20 companies have gone public in Hong Kong, successfully raising approximately HKD 80 billion. According to RTHK, around 480 companies are preparing to list, including 10 major international corporations. This momentum is reflected in daily trading activities, with last month’s average daily trading volume exceeding HKD 270 billion. On the most active single day, trading surpassed HKD 300 billion, highlighting the market’s vibrancy.

National Development as the Foundation for Hong Kong’s Financial Growth

Hong Kong’s current prosperity is no coincidence but the result of concerted efforts by the government and regulatory authorities. Chief Secretary for Finance Christopher Hui emphasized on a radio program that trust, determination, and patience are fundamental values underpinning this success. He pointed out that a national development strategy encompassing productivity and technological innovation provides a solid foundation for expanding Hong Kong’s financial markets. Leveraging the unique advantages created by the “One Country, Two Systems” framework and maximizing opportunities from national development are key to maintaining Hong Kong’s competitiveness.

Strengthening International Competitiveness through Bond and Commodity Markets

Without resting on the success of the stock market, the Hong Kong government is actively promoting investments in new asset classes such as bond and commodity markets. The goal is to establish Hong Kong not just as a hub for stock trading but as a comprehensive international financial center integrating financial services with the real economy. Hui noted that since receiving approval from the London Metal Exchange last year, 15 storage facilities have been established in Hong Kong, holding over 20,000 tons of non-ferrous metals. This expansion into commodity markets attracts domestic and international investors and symbolizes Hong Kong’s diversified financial capabilities.

Growth of Family Offices Contributing HKD 13 Billion to the Local Economy

The family office sector, serving as a platform for managing wealth for high-net-worth individuals, is also a key driver of Hong Kong’s economic growth. The number of family offices in Hong Kong has increased to 3,384, representing over 25% growth since 2003. These offices handle a wide range of needs, including accounting, investment management, and legal services, directly contributing about HKD 13 billion annually to the regional economy.

As national development strategies and financial reforms generate synergistic effects, the region is accelerating capital inflows from both domestic and foreign sources. Through revitalizing the local economy, expanding the service sector, and enriching the employment market, Hong Kong aims to solidify its future as an international financial center in the Asia-Pacific region.