The 25th anniversary of the return of the motherland in Hong Kong | The Champions League of the Executive Officer of the Hong Kong Stock Exchange is promoted: "One country, two systems" helps Hong Kong's financial industry growth

From the high -rise building (information picture) of the Hong Kong Island Central Financial Center from the Gulf of Victoria. Xinhua News Agency reporter Li Peng

Xinhua News Agency, Hong Kong, June 28th. Question: The President of the Executive Officer of the Hong Kong Stock Exchange Promotion: "One Country, Two Systems" helps Hong Kong's financial industry growth

Xinhua News Agency reporter Zheng Xin, Wang Qian, Li Baitao

"Hong Kong, as an international financial center, has a unique advantage and irreplaceable." On the eve of the 25th anniversary of the return of the motherland in Hong Kong, the Champions League, CEO of the Hong Kong Stock Exchange Group, said in an interview with Xinhua News Agency.

Under the "one country, two systems", Hong Kong after returning to the motherland has glowed with new vitality, expanded new development space, and strengthened cooperation with the Mainland to enable Hong Kong's financial community to better seize the various opportunities brought by the national development and benefits of Hong Kong policies. Essence

The Champions League said: "The 'one country, two systems' is a great system, and it has been a key factor in the growth of Hong Kong's financial industry for many years."

In the 25th year of returning to the motherland, Hong Kong has become one of Asia's most dynamic market and the world's leading international financial center.

According to the data provided by the Hong Kong Exchange, the average daily turnover of its spot stock market in 1997 was HK $ 15 billion, and the average daily turnover increased to HK $ 166.7 billion in 2021. The total amount of IPO fund -raising of the Hong Kong Exchange in 2021 was 42.297 billion US dollars, ranking fourth in the world; in 1997, the total IPO fund -raising amount was only about 10.47 billion US dollars.

Over the years, Hong Kong, which has been in the mainland, has always been a bridge connecting East and West. With a large number of outstanding talents, strong infrastructure, regulatory systems in line with international standards, free flow of capital, and open and transparent international markets, Hong Kong has continued to grow with the development of the country.

The Champions League introduced that in April this year, he had been busy meeting with partners in Beijing, Shenzhen and other places. "I communicated with the mainland exchanges and regulators, and also communicated with many different people. Our goal was highly consistent, that is, to consolidate the status of Hong Kong's international financial center, which made me very encouraged."

As an international financial center, Hong Kong is favored by international investors in China and is also optimistic about mainland investors. Hong Kong is the international financing center for mainland companies. It is also the international asset management center, risk management center, and the world's largest offshore RMB market. As of the end of April 2022, Hong Kong's RMB deposits reached 841.9 billion yuan.

The Shanghai -Hong Kong Stock Connect and Shenzhen -Hong Kong Stock Connect co -founded by the Hong Kong Exchange and the Shanghai -Shenzhen Exchange have become the main channel for international investors to invest in the mainland stock market, and it is also the main channel for mainland investors to invest in Hong Kong stocks. In 2021, the average daily turnover of the Hong Kong Stock Connect under the Shanghai -Hong Kong Stock Connect and the Shenzhen -Hong Kong Stock Connect was HK $ 20.79 billion and HK $ 21.63 billion, respectively. These performances have become a strong support for the Hong Kong capital market.

"Hong Kong once again ranked third in the latest 'Global Financial Center Index", which proves the toughness and strength of the Hong Kong market to overcome challenges. "The Champions League said.

The market value of the Hong Kong stock market at the end of 2021 was HK $ 42.1 trillion, which was about 13 times that of HK $ 3.2 trillion at the end of 1997. At the same time that the capital market in Hong Kong has grown, the structure is further optimized.

"At present, Hong Kong has become one of the first choice of financing centers for new economic companies, providing financing support for the transformation of China and the world economy." The Champions League said.

The proportion of financing of new economic companies in the total financing of new shares in Hong Kong has risen year by year, from 49%in 2019 to 64%in 2020 and 87%in 2021. Hong Kong has become the largest and second biotechnology financing center in Asia. In 2021, a total of 34 biotechnology and medical companies were listed in Hong Kong. The number of listings ranked first in the world and ranked second in the world. Hong Kong provides one -stop services for new economic companies to transaction, settlement and risk management.

The Champions League believes that Hong Kong's position as an international financial center is more consolidated, and it can play a huge role in promoting the economic development of the Mainland, enhancing interconnection, promoting cross -border capital acceleration and innovation.

The Champions League has been the CEO of the Hong Kong Exchange Group since May 24, 2021, with a term of three years. He served as chairman and CEO of JP Morgan Chase Asia Pacific from 2012 to 2020.

Looking forward to the next ten years, the Champions League believes that the capital market in Mainland China will continue to develop rapidly in terms of breadth and depth, and the cross -border capital flow through Hong Kong's entry and exit in the Chinese market will also accelerate.

"As a" super contact ", the vitality of Hong Kong can help connect China and the world." The Champions League said that in order to better play this role, the Hong Kong Stock Exchange announced in March this year to implement the three major strategies, namely connecting China and the world, and the world. Connecting capital and opportunities, and connecting the present and the future.

"With unique advantages, the Hong Kong Exchange will continue to provide international investors with opportunities to invest in China, and also provide opportunities for investment overseas for Chinese funds. We hope to develop into the preferred China offshore financing, transaction and risk management centers." The Champions League Said.

Speaking of future development, the Champions League is full of confidence: "Hong Kong is one of the most competitive and the best business environment in the world. We are ready to welcome a new journey."

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