Financial Secretary Paul Chan on Sunday said funds raised this year in Hong Kong from new listings have so far exceeded HK$76 billion, seven times more than the same period in 2024.

On Tuesday, mainland battery giant CATL began trading on the Hong Kong Stock Exchange following the world's biggest initial public offering this year.

Writing in his weekly blog, Chan said the strong performance of the Hong Kong stock market showed that global investors and enterprises have confidence in the SAR.

Chan also said the government is making Hong Kong the premier location for enterprises to establish their international headquarters, with a new law introduced on Friday which allows firms incorporated overseas to relocate to the city while maintaining their business continuity and existing legal identity.

He said a large international insurance company has announced it will re-domicile to Hong Kong, and companies from other industries like shipping, could also move to the SAR.

The financial chief said Hong Kong is expecting another “new significant development” as the signing ceremony of the Convention on the Establishment of the International Organization for Mediation will be held on Friday.

“This event marks that professional mediation services in Hong Kong have gone to the next level,” Chan said.

“We’ll put all our efforts into the establishment of the International Organization for Mediation, and to enhance the attractiveness of Hong Kong in international trade activities,” he added.