In November, Hong Kong's IPO count reached 91, with a total fundraising amount of nearly HKD 260 billion, ranking first in the world

Wind data shows that in the first eleven months of this year, there were 91 new stocks listed in the Hong Kong stock market, raising a total of HKD 259.889 billion. This is not only the first time in four years that the Hong Kong Stock Exchange (00388.HK) has surpassed the HKD 200 billion fundraising threshold, but it also ranks first globally in terms of fundraising amount, setting a new record for fundraising scale. Among them, CATL (03750.HK), Zijin Mining (02259.HK), Sany (06031.HK), and SERES (09927.HK) all made it into the top ten global IPO fundraising amounts this year.

In this context, the role of Chinese securities firms in the Hong Kong new stock sponsorship market has become increasingly prominent. This year, a total of 38 sponsoring institutions participated in the issuance of new stocks in Hong Kong, with more than half being Chinese securities firms. China International Capital Corporation, CITIC Securities, and Huatai Securities occupy the top three positions, significantly leading traditional foreign investment banks in the number of sponsored projects.

According to a recent report released by Ernst & Young, the Hong Kong IPO market is expected to maintain steady growth before 2026. In terms of listing entities, the "A+H" model will continue to be popular, while the return of Chinese enterprises to the Hong Kong stock market and specialized technology companies, especially those in cutting-edge fields such as AI and biomedicine, will become important sources of listings