Hong Kong’s capital market, once struggling during the Covid-19 pandemic, has seen a significant rebound since Bonnie Chan’s appointment. Her first 100 days as CEO of HKEX saw the Hang Seng Index rise by 11% and the market’s daily turnover increase by 35%.
The introduction of measures by the China Securities Regulatory Commission in April to support fundraising in Hong Kong has also boosted market activity. This led to an increase in IPO applications and raised HK$8.7 billion since April.
Chan’s focus on building a resilient market ecosystem and launching new technology platforms like the Orion Derivatives Platform aims to attract more Chinese and international listings and investors. Her recent success with QuantumPharm’s listing under the Chapter 18C framework showcases HKEX’s commitment to supporting innovative companies.
Chan’s vision for HKEX as a vibrant and resilient financial marketplace shows promising signs for the future of Hong Kong’s capital market under her leadership.