Hong Kong Stock Exchange Chief Executive Chan Yi-ting said on a radio program that there are currently a large number of IPOs lined up for listing in Hong Kong, but she stressed that the quality of listed companies will not be reduced. In order to cope with the workload brought about by a large number of IPOs, in addition to recruiting personnel, the exchange will also use technology to improve efficiency. For example, the listing department will use AI to screen whether newly listed companies meet all disclosure requirements. She said that the Stock Exchange and the Securities Regulatory Commission have promised that as long as the information on listing applicants is ready, they will aim to complete the review after 40 working days and two rounds of regulatory opinions. Some companies that have already been listed on A-shares can even be reduced to 30 working days and one round of regulatory opinions. She pointed out that service promises can generally be met. The return of Hong Kong's IPO capital to the top in the world last year also reflects the effectiveness of the measures. In the future, ways will be found to improve work efficiency and improve the user experience for companies interested in listing in Hong Kong. Regarding the proposed shortening of the Hong Kong stock spot market settlement cycle from T+2 to T+1, Chen Yiting said that after very thorough market consultation, the internal review believes that Hong Kong is capable of doing it, but it is necessary to ensure that all stakeholders in the market can cooperate. It is mentioned that when publishing the summary of the consultation, it will explain to the market the support that can be provided to help the industry adapt. Referring to whether Hong Kong stocks can promote 24-hour trading, Chen Yiting pointed out that the trading system requires a time window to be updated and maintained, and that the exchange should be carefully considered to ensure that there are no errors in operation. She believes that the spot market and derivatives market can be treated differently. For example, the derivatives market has conditions to extend the closing time from 3 a.m. to 4 a.m. to 5 a.m., to cover US stock trading time; the spot market needs to analyze the possible impact on different types of market participants such as retail investors and mainland investors involved in connectivity.

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