HKEX CEO on IPOs, National Security Bill

The transcript discusses the impact of China's openness on market opportunities, emphasizing the importance of resilience and adaptability. It explores the potential inclusion of stocks in the stock connect and the necessary system changes. The conversation also addresses concerns about the national security legislation in Hong Kong, reassuring that the long-term impact is limited and Hong Kong will remain an international market.

What is the relationship between market openness and opportunities according to the speaker?

• Open markets reduce opportunities.

• Open markets and opportunities are mutually reinforcing.

• Opportunities are independent of market openness.

• Closed markets provide more opportunities.

What is a key factor for success as China continues to open up?

• Staying competitive and differentiated.

• Focusing solely on local markets.

• Avoiding any changes in strategy.

• Relying on traditional methods.

What might be required for stocks to be included in the stock connect?

• A complete overhaul of the stock market.

• Significant changes in the system and rules.

• Approval from international markets.

• No changes in the current system.

How does the speaker suggest addressing investor concerns about the national security legislation?

• By promising immediate changes.

• By ignoring the concerns.

• By reassuring that the long-term impact is limited.

• By focusing on short-term gains.

What is the expected long-term status of Hong Kong according to the speaker?

• It will lose its Western market characteristics.

• It will become isolated from global markets.

• It will become less international.

• It will remain the most international and open market of China.