New economy companies such as hard technology enterprises are reshaping the structure of Hong Kong stocks, with the new economic sector on the rise.

In recent years, companies in hard technology, new energy, new consumption, and other industries have listed in Hong Kong one after another, reshaping the structure of the Hong Kong stock market. Interviewees pointed out that the rise of the new economy is the main theme of industrial transformation and also the direction for global funds to increase allocation to Chinese assets. Hong Kong stocks are shifting from the traditional market dominated by finance and real estate to a new economic highland where technology companies connect with global capital. Among the 100 companies listed this year, companies in technology hardware and equipment, software and services, semiconductors, capital goods, and biotechnology ranked among the top five. Semiconductors, AI, and biotechnology have become the mainstream forces in Hong Kong IPOs, continuously reshaping the essence of the Hong Kong stock market.