Hong Kong Financial Secretary Edward Yau pointed out that the new stock market is gradually recovering. The listing of a large new stock last week raised HK$31 billion, making it the second largest new stock globally this year. The amount raised by IPOs in Hong Kong this year has exceeded the full-year total of last year and has risen to fourth place globally. Currently, about 100 companies are queuing up for listing in Hong Kong, many of which are applying for fundraising with a scale of $1 billion. In addition to the new stock market, the follow-up financing activities of listed companies have also become active, raising more than $20 billion in funds this year.