At the World Economic Forum in Davos, HKEX CEO Bonnie Chan expressed optimism about the Chinese economy and anticipated increased volatility under President Trump. Chan highlighted that once confidence is restored, individuals are likely to withdraw funds from banks for consumption or investment in capital markets, creating a positive feedback loop. Additionally, she noted that Hong Kong could see a rise in initial public offerings (IPOs) following a recovery in 2024 and supportive measures from China. Meanwhile, NYSE President Lynn Martin indicated uncertainty regarding pure-play AI companies going public this year but expressed confidence that several energy companies will leverage AI to meet energy needs and pursue IPOs. Furthermore, there is an expectation of more crypto company IPOs, as indicated by NYSE listing heads, which could lead to increased participation from traditional finance in the cryptocurrency sector.