Hong Kong’s Financial Secretary Paul Chan has expressed confidence in the local equity market’s sustained strength, citing improving macroeconomic fundamentals and robust capital inflows. His bullish outlook follows the Hang Seng Index’s 20% rebound from recent lows, officially entering technical bull market territory.
Chan highlighted several supportive factors, including strong performance of innovative drug stocks (up 50% during the rally), expanding bond ETF markets (exceeding RMB 310 billion), and growing mainland investor participation (with southbound flows topping HK$6 billion daily). These developments suggest broadening market momentum beyond just a few sectors.
The Financial Secretary’s comments reinforce Hong Kong’s positioning as a resilient financial hub, though analysts note challenges remain from global rate uncertainty and geopolitical tensions. Market participants will watch for concrete policy measures to maintain the current positive trajectory, particularly in enhancing liquidity and attracting IPO listings.
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