According to the Guotong Finance and Economics APP, the Hong Kong Small and Medium Listed Companies Association (referred to as the Association) held its establishment ceremony in Hong Kong on October 9th, with representatives from over 100 financial institutions and enterprises attending the event. The Association aims to help small and medium listed companies enhance their financing capabilities and market value management level, achieving a dual enhancement of 'industry + capital value'. It is reported that the Association will coordinate the establishment of the Small and Medium Listed Companies Alliance symbiotic mother fund in the future, with sub-funds including IPO subscription fund, stock investment fund, industry mergers and acquisitions fund, supporting the development and growth of small and medium listed companies.

Sun Dong, Director of the Innovation and Technology Bureau of the Hong Kong Special Administrative Region Government, expressed in his speech at the event that small and medium-sized enterprises have always been an important cornerstone contributing to the global economy. He looks forward to the Association assisting more small and medium listed companies, especially startups, in becoming bigger and stronger. Funds are a key factor in the growth and development of small and medium enterprises. As an international financial center, Hong Kong is rapidly establishing an international innovation and technology center. With a sound financial system and investment ecosystem, it can provide diversified financial support for small and innovative technology enterprises, accelerating their path to marketization.

Meng Yu, Chairman of the Hong Kong Chinese Financial Association and Chief Executive of Bank of Communications Hong Kong Branch, stated that the establishment of the Association comes at the right time and is expected to establish a closer connection between high-quality small and medium-sized enterprises in Hong Kong and the mainland with Hong Kong's mature capital markets. This is not only an important supplement to the development of the Hong Kong financial market but also a strong impetus for small and medium-sized enterprises to enter the international stage, achieving a dual enhancement of industrial and capital value.

Chairman Xi Chunying of the Hong Kong Small and Medium Listed Companies Association stated that the Association will work together with small and medium listed companies in Hong Kong to build a high-quality communication platform, providing one-stop financial services for enterprises before, during, and after listing. They aim to address the challenges and problems faced by enterprises such as rising operating costs, difficulties and high costs of financing, insufficient innovative development momentum, and unfamiliarity with capital market rules, adding new impetus to the high-quality development of enterprises.

It is reported that the Hong Kong SAR government and relevant institutions have been working on enhancing market efficiency and liquidity, including optimizing the listing and financing rules for special technology companies, establishing a specialized team to promote stock market liquidity, hoping to improve the financing convenience for small and medium-sized listed companies through reforms and promote their long-term development.