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HONG KONG, Nov 4 (Reuters) - Chinese Vice Premier He Lifeng said on Tuesday he hopes Hong Kong will strengthen co-operation with mainland China's economic and financial sectors which would allow the city to enhance its status as a global financial centre. He was speaking at the Global Financial Leaders' Investment Summit hosted by the Hong Kong Monetary Authority. Sign up here. "Hong Kong is destined for significant historical development opportunities. Its future is bright," He said. "I hope Hong Kong can grasp the opportunities and proactively deepen its connection with the country's development plans and enhance economic and financial cooperation with the mainland." Hong Kong's role as a global financial centre was in question after COVID restrictions closed its borders for almost three years and the implementation of a China-imposed national security laws in 2020. The city's capital markets have bounced back in 2025 after new share sales fell to the lowest point in almost a decade, following China's decision to tighten regulation across a number of sectors, led by technology. Hong Kong's chief executive John Lee told the summit there has been 80 initial public offerings in the first ten months of 2025, reflecting the city's resilient capital markets. Hong Kong has overtaken New York and Nasdaq to be the global top venue for new listings (excluding SPACs) this year, Dealogic data showed, with a total of $26.8 billion raised so far this year, nearly tripling the listing value from the same period in 2024.
