According to Yu Xueqin, head of marketing at the Hong Kong Stock Exchange, the Hong Kong Stock Exchange sees artificial intelligence AI and the mining industry as the two major industries driving initial public offerings. Yu Xueqin said on Friday at a conference hosted by the Asian Securities Industry and Financial Markets Association in Hong Kong that nearly 400 to 500 companies are awaiting IPOs. He said technology is the main driver of growth, and “I think this sector will continue to thrive” and the mining industry is another “pretty active” industry. Of the 118 companies listed as of September this year, 75% of the capital went to the AI or TMT industry. He said that changing the settlement cycle to T+1 will indeed affect many things. It may seem simple to shorten it by one day, but that's actually not the case. HKEx will conduct a similar study to explore the possibility of extending trading hours. Currently, the derivatives market is trading until 3 a.m.

According to Yu Xueqin, head of marketing at the Hong Kong Stock Exchange, the Hong Kong Stock Exchange sees artificial intelligence AI and the mining industry as the two major industries driving initial public offerings. Yu Xueqin said on Friday at a conference hosted by the Asian Securities Industry and Financial Markets Association in Hong Kong that nearly 400 to 500 companies are awaiting IPOs. He said technology is the main driver of growth, and “I think this sector will continue to thrive” and the mining industry is another “pretty active” industry. Of the 118 companies listed as of September this year, 75% of the capital went to the AI or TMT industry. He said that changing the settlement cycle to T+1 will indeed affect many things. It may seem simple to shorten it by one day, but that's actually not the case. HKEx will conduct a similar study to explore the possibility of extending trading hours. Currently, the derivatives market is trading until 3 a.m.