HSBC Holdings expects the Hong Kong IPO boom to continue and is hiring more staff to increase its market share in the IPO market

HSBC Holdings (00005.HK) missed the IPO boom after deciding to exit some businesses in the UK, US, and Europe last year. Michael Roberts, head of the group's corporate and institutional banking division, told the Financial Times that the company will make every effort to increase its market share in the Hong Kong IPO market in the future.

Last year, the fundraising amount for Hong Kong IPOs reached HKD 2.86 billion, and among more than 100 new stocks, HSBC acted as the lead sponsor for only one company. Roberts stated that after deciding to exit some investment banking businesses in the UK, US, and Europe, the group lost some talents that should not have been lost, with several senior bankers in Hong Kong having already moved to competitors, but he believes this is a necessary pain of the restructuring plan.

He also mentioned that HSBC has developed an aggressive plan to expand its equity capital markets division through increased hiring, believing that the trend of Chinese companies going public in Hong Kong will continue