Hong Kong Financial Secretary Paul Chan reviews Q1 2026 economy: IPOs ranked first globally, raising over HK$103 billion.

CoinFeed reported on April 5th that Hong Kong Financial Secretary Paul Chan Mo-po released his latest "Secretary's Notes," stating that despite external uncertainties, Hong Kong's economy generally recovered in the first quarter of 2026. While the stock market experienced a slight correction, trading was active, with a significant increase in average daily turnover. The IPO market continued its strong performance, raising over HK$103 billion, ranking first globally, with over 500 companies applying for listing, highlighting Hong Kong's attractiveness as a financing and "going global" gateway. Meanwhile, the real economy improved: exports grew by nearly 30% year-on-year, driven by a recovery in electronics demand; retail sales grew for the tenth consecutive month, with a significant increase in online sales; the job market remained stable, with the unemployment rate falling to 3.8%. Overall, the dual engines of finance and consumption supported Hong Kong's steady economic recovery.