The Hong Kong Stock Exchange is a prominent financial market that boasts a significant presence of 1,478 mainland Chinese companies as of the end of 2024. These companies constitute over 80% of the market’s capitalization and almost 90% of the daily trading volume, showcasing the strong allure of the Hong Kong market for Chinese firms. This dominance underscores Hong Kong’s reputation as a global financial hub, a status that has been a defining characteristic of the city.

The Global Financial Centers Index ranked Hong Kong as the world’s third-largest financial center by the conclusion of 2024, reflecting its importance in the global financial landscape. With a total market capitalization of $4.3 trillion, Hong Kong’s stock market stood as the fifth-largest in Asia and the eighth-largest globally by the end of November 2024. Over the years, mainland Chinese companies have raised more than $1.09 trillion through stock issuance in Hong Kong, solidifying the city’s position as a key offshore fundraising destination for these firms.

Hong Kong’s role as a bridge between Chinese and international markets has attracted investors and financial institutions worldwide. The city’s advancement in fintech has facilitated digital transformation, supporting the growth of innovative businesses and technological applications. Additionally, the development of the Guangdong-Hong Kong-Macao Greater Bay Area has presented new opportunities for growth, fostering regional financial cooperation and resource sharing.

Beyond its financial prowess, Hong Kong is a vital shipping and trade hub. With the foundation laid by China’s reform and opening-up policies, as well as the implementation of the One Country, Two Systems framework, Hong Kong has flourished as a global financial, shipping, and trade center. The city’s ports handled over 13 million standard containers in the past year, with a significant portion of cargo transiting between the Chinese mainland and Hong Kong.

Hong Kong’s standing as an international maritime center is underscored by its ranking as the fourth-largest in the International Shipping Centre Development Index 2024. The 2025 Government Work Report emphasizes China’s commitment to supporting Hong Kong’s economic growth, improving the well-being of its residents, and deepening international cooperation. The interconnectedness between Hong Kong and mainland China is not merely a rhetorical concept but a tangible reality that aligns with the overall progress of the country.

In conclusion, the Hong Kong Stock Exchange’s dominance by mainland Chinese companies highlights the city’s pivotal role in global finance, trade, and shipping. As it continues to evolve and adapt to changing market dynamics, Hong Kong remains a beacon of financial stability and connectivity in the region and beyond.