Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
HONG KONG, Sept. 17 (Xinhua) — Hong Kong Special Administrative Region (SAR) Chief Executive Li Jiachao said Wednesday that Hong Kong will use a special channel targeting technology enterprises to help sci-tech enterprises in the Chinese mainland attract funding in Hong Kong, thus increasing financial support for building China into a sci-tech powerhouse.
Delivering his fourth policy implementation report, Li Jiachao emphasized the Hong Kong administration's commitment to encouraging more overseas enterprises to pursue secondary listings in Hong Kong, facilitating Chinese companies' return from overseas stock markets, and making Hong Kong their preferred choice upon return.
The Hong Kong stock market maintains strong momentum, said Li Jiachao. According to him, by the end of August this year, the total amount of funds raised through IPOs (initial public offerings) exceeded 130 billion Hong Kong dollars (approximately 16.71 billion US dollars), which is almost six times more than the same period last year, making Hong Kong the world's largest fundraiser through IPOs. -0-
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