Xinhua News Agency, Hong Kong, February 16th (Reporter Wang Qian) On the 16th, the fifth day of the Lunar New Year, with the opening of the Hong Kong Gold and Silver Exchange and the opening of the Hong Kong Stock Exchange, the first transaction in the Hong Kong financial market in the New Year of the Ox The market officially opened on Sunday.
Hong Kong stocks opened higher in early trading on the 16th. The Hang Seng Index opened at 30,675.82 points, up 502 points, or 1.66%.
The intraday high was 30,723 points, a new high since June 2018.
On the morning of the 16th, the Chief Executive of the Hong Kong Special Administrative Region Carrie Lam said in a video speech at the opening ceremony of the Hong Kong Gold and Silver Trade Fair during the New Year’s opening ceremony that the global investment market has been tested under the new crown epidemic. In the gold and silver industry, the blockade measures of various countries once hindered the transportation of gold assets. And settlement.
However, with the gold and silver trading market based in Hong Kong for more than a hundred years of experience and strength, the physical gold business quickly picked up.
Carrie Lam hopes that the Year of the Ox will bring more business opportunities to precious metals trading.
She believes that in the new year, she will be able to overcome various severe tests and create tomorrow.
At the opening ceremony, Zhang Dexi, chairman of the gold and silver trade fair, said that even if the global epidemic eases, economic recovery will still face great challenges. He believes that quantitative easing and ultra-low interest policies will continue to emerge. It is expected that the price of gold is expected to consolidate between US$1750 and US$1850. Enter the second stage of the bull market.
The Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, said in a video speech at the Hong Kong Stock Exchange’s New Year Opening Ceremony that Hong Kong’s financial market has demonstrated tremendous resilience in the past year. With the efforts of all sectors of society, Hong Kong has not only maintained financial stability, At the same time, it has achieved good results in many aspects, including stock market turnover, total market value, and initial public offering funds, which demonstrates the solid foundation of Hong Kong's financial market and Hong Kong's competitiveness as a world's leading international financial center.
Hong Kong Stock Exchange Chairman Shi Meilun said at the market opening ceremony that the IPO market was active last year and the IPO funds raised reached a 10-year high, which was a bumper year for the Hong Kong Stock Exchange.
She believes that the new year is both dangerous and organic. When the macro economy is still uncertain, the Hong Kong Stock Exchange will become more and more important in connecting global investors and markets.