The Hong Kong Stock Exchange announced on the 22nd that the financing amount of Hong Kong's new stock market in 2025 will rank first in the world, with a significant increase in financing amount compared to last year, and the average daily transaction volume has reached a historical high. As of December 19th, a total of 106 companies have been listed on the Hong Kong Stock Exchange, raising a total of HKD 274.6 billion. Among them, four companies have even made it into the top ten global new stocks by 2025. The company listed on the Hong Kong Stock Exchange has raised $66 billion through refinancing, demonstrating the vitality and depth of the Hong Kong capital market. Statistics show that the average daily transaction amount of the spot market in the first 11 months of 2025 reached HKD 230.7 billion, an increase of 43% compared to the same period last year. The Hong Kong Stock Exchange stated that with the emergence of the "DeepSeek moment" and multiple technological innovations in mainland China, coupled with the launch of multiple reforms in the Hong Kong market, international capital has clearly flowed back to Hong Kong. Since the implementation of Chapter 18A and Chapter 18C of the Listing Rules, a total of 88 biotechnology and specialized technology companies have been listed on the Hong Kong Stock Exchange, fully reflecting investors' strong interest in cutting-edge fields. Hong Kong Stock Exchange Group CEO Chen Yiting recently stated in a blog post that over the past decade, we have focused on establishing and optimizing connectivity mechanisms with the mainland Chinese capital market. From the Shanghai Hong Kong Stock Connect, Shenzhen Hong Kong Stock Connect, Bond Connect and Swap Connect to the increasingly rich offshore RMB product ecosystem, our unique connectivity mechanism with the mainland has attracted liquidity and diversified investors from all over the world, improved market vitality, supported the economic development of the mainland, and consolidated Hong Kong's position as a global super contact. Chen Yiting stated that in the future, efforts will be made to promote interconnectivity between other Asian markets and opportunities in China. By enhancing platforms and regional cooperation, we hope to leverage China's advantages to connect Asian capital with today's biggest opportunities, create a globally attractive regional liquidity pool, bring Asian opportunities to mainland investors, and attract more Asian investors to invest in the mainland capital market. (New Society)