HONG KONG - The daily average turnover of the Hong Kong stock market has surpassed HK$200 billion ($25.74 billion) since the beginning of 2025, Bonnie Chan Yiting, chief executive officer of the Hong Kong Exchanges and Clearing Limited (HKEX), has said.

Speaking to local media on Sunday, Chan highlighted the robust performance of the Hong Kong stock market, noting that 71 companies listed on the exchange last year, raising a total of HK$88 billion ($11.32 billion) in funds, up nearly 90 percent compared to 2023.

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Chan also pointed out that 11 initial public offerings (IPOs) have already been launched in 2025, with more than 100 companies in the pipeline awaiting listing.

Chan attributed the market's strong momentum to a significant improvement in trading activity over the past year. The daily average turnover rose from approximately HK$100 billion in 2023 to HK$132 billion in 2024, to HK$200 billion as of now.

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In February alone, the daily turnover exceeded the HK$400 billion ($51.48 billion) mark three times, driven largely by participation from international investors, she said, noting "Hong Kong is well-positioned to serve as a bridge connecting global capital with opportunities, further enhancing its international recognition."

Echoing Chan's optimism, Paul Chan Mo-po, financial secretary of the Hong Kong Special Administrative Region government, in a blog post on Sunday, credited technological and industrial innovation for injecting dynamism into the market.

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He noted that the strong performance of tech stocks has contributed to the market's upward trajectory, with the daily average turnover in February nearing HK$300 billion ($38.61 billion).