(Opportunities in Hong Kong) Hong Kong’s IPO market continues to heat up, and the amount of funds raised in the first 10 months of this year increased by 84% year-on-year.

China News Service, Hong Kong, November 11 (Reporter Dai Xiaolu) The latest data released by Hong Kong Exchanges and Clearing Limited ("HKEx") shows that in the first 10 months of this year, a total of 121 companies were listed in Hong Kong, and the total amount raised by initial public offerings (IPOs) reached HK$403.9 billion, an 84% increase from the same period in 2025.

Financial Secretary Paul Chan of the Hong Kong SAR Government recently stated at the Accounting and Financial Reporting Bureau Regional Supervision Forum that currently about 60% of newly listed companies have international operations, and many companies invest funds raised in overseas markets.

From the perspective of market structure, “hard technology” is an important driving force for this round of IPO boom. The "Review of Mainland China and Hong Kong IPO Markets in the Third Quarter of 2026" report released by KPMG, an international consulting company, shows that there were 116 new stock listings in Hong Kong in the first three quarters of this year, and the total amount of funds raised exceeded HK$388 billion, setting a new record in the first three quarters of the year; among them, high-tech companies such as artificial intelligence, semiconductors, and robots accounted for more than half of the total amount. Zhongji InnoLight, which was listed on the Hong Kong Stock Exchange in July this year, raised approximately US$7.8 billion, becoming one of the largest new stocks this year.

It is worth noting that the international characteristics of the Hong Kong stock market continue to strengthen. Chen Maobo mentioned that more and more companies in Southeast Asia, the Middle East, and Central Asia choose to issue stocks to list in Hong Kong, or issue bonds to raise funds.

The accounting industry generally believes that the annual fund-raising scale of Hong Kong stocks is expected to approach HK$500 billion, breaking the historical record of HK$427 billion set in 2010. Liu Dachang, partner of KPMG China Capital Markets, pointed out that if the market environment is stable and the projects under review are smoothly advanced, the IPO fund-raising amount for the whole year is expected to reach HK$500 billion. Deloitte predicts that there will be about 160 new shares in Hong Kong stocks throughout the year, with a financing scale of no less than HK$480 billion, which is likely to exceed the historical record in 2010.

Wu Lixian, international securities strategist at Everbright Securities, analyzed that Hong Kong's capital raising market has formed a healthy and diverse ecosystem, and Hong Kong's new stock market has sufficient breadth and depth to provide a stable offshore financing platform for companies in different tracks. In addition to traditional Chinese-funded enterprises continuing to play a cornerstone role, the Hong Kong capital market is making every effort to explore new overseas tracks. I believe this will also become a strategic focus for future development.