Hong Kong stocks fell sharply this week, and the IPO market performed well

China News Service, Hong Kong, September 25th (Reporter Dai Xiaolu) During the whole week from September 21st to 25th, the three major Hong Kong stock indexes retreated from highs. The market's bullish sentiment picked up at the beginning of the week. Hong Kong's Hang Seng Index stood firm at the 25,000-point mark on the 21st and set a new high on the 22nd. Affected by multiple external factors, Hong Kong's Hang Seng Index retreated for three consecutive trading days from the 23rd to the 25th.

As of the close on the 25th, Hong Kong's Hang Seng Index fell 0.97% for the whole week to 24510.09 points; the Hang Seng Technology Index fell 2.13% to 4311.78 points; the State-owned Enterprises Index fell 0.72% to 8165.78 points.

On September 25, Hong Kong's Hang Seng Index closed at 24510.09 points, down 251.04 points, or 1.01%, with a full-day transaction volume of HK$102.203 billion.

Ye Zeheng, an analyst at the Securities Business Department of Industrial and Commercial Bank of China (Asia), said in an interview with a reporter from China News Service that the "First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030)" focuses on the development of the northern metropolitan area. The market's demand for construction and heavy machinery is expected to increase, and related sectors are worthy of attention. In the medium to long term, with the advancement of development and construction in relevant areas, the overall demand for electricity in society will grow steadily, and the performance of the power sector is worth looking forward to.

The Hong Kong IPO (initial public offering) market performed brilliantly. The "Review and Prospects of Mainland China and Hong Kong IPO Markets in the First Three Quarters of 2026" report released by the internationally renowned accounting firm Deloitte on the 24th predicts that the total amount of new stock financing in Hong Kong this year is expected to exceed the historical record of approximately HK$450 billion set in 2010.

The report pointed out that in the first three quarters of this year, Hong Kong welcomed mainland Chinese artificial intelligence (AI), hard technology, and "A+H" dual-listed companies to list in Hong Kong. As of the end of August, more than 500 companies were waiting in line to be listed on the Hong Kong stock market, and another 3 to 4 super-large new stocks with financing targets of more than HK$10 billion were preparing for listing. Deloitte estimates that there will be about 160 new stocks listed in Hong Kong this year, raising at least HK$480 billion.

Au Zhenxing, managing partner of Deloitte China South China, believes that this not only reflects the rebound in market activities, but also reflects the results of Hong Kong’s continuous reforms in the listing system, product innovation, interconnection and regulatory framework over the years.