Chen Yiting: Strong demand for IPOs in the technology and AI sectors will continue to reform the market to maintain competitiveness

Zhitong Finance App learned that while attending the Global Youth Power Summit, Chen Yiting, CEO of the Hong Kong Stock Exchange (00388), said that investors are currently paying a lot of attention to sectors such as technology and AI, and that demand for IPOs in related sectors is very strong, and that the share of technology stocks in the average daily turnover of the Hong Kong Stock Exchange has increased from about 20% a few years ago to about 43% at present, which is in line with global investment trends. Chen Yiting mentioned that the Group has continued to reform the market and maintain relevant competitiveness. Using the main version of the listing rules, Chapter 18C, etc. as an example, he pointed out that the Group can formulate sections that meet the specific needs of different types of companies.

Regarding some investors who say they are now beginning to discover that the US market is becoming too concentrated in the AI field, Chen Yiting believes that the basic function of the capital market is to match capital with opportunity, hoping to make the market inclusive. The group focuses on ensuring that the Group welcomes all technology and AI companies, but not at the expense of other industries or companies with slightly smaller market capitalization.