Financial Secretary Paul Chan said on Friday (Feb. 20) he was cautiously optimistic about the city's stock market outlook just as Hong Kong kicked off its first trading session in the Year of the Horse.
Speaking in a market-opening ceremony, he said the Hang Seng Index had risen by 32 percent in 2025, making it the best-ever Year of the Snake in history, both in terms of gains in points and percentage.
Chan said he held high expectations for the year ahead as three out of the past four Years of the Horse had seen double-digit percentage rises for the benchmark.
Carlson Tong, chairman of the Hong Kong Exchanges and Clearing (HKEX), said the stock market had seen a "very encouraging start" to 2026, with over 24 initial public offerings raising over HK$87 billion and another 488 firms waiting to go public.
(Source: RTHK)
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