--- title: "Deloitte China: The new stock market in mainland China will continue to grow, and Hong Kong may rank among the top three global IPO markets in 2026" type: "News" locale: "en" url: "https://longbridge.com/en/news/282646404.md" description: "Deloitte China released a report stating that the new stock markets in mainland China and Hong Kong will continue to grow in the first quarter of 2026. Despite global stock market fluctuations, Hong Kong has become the market with the highest new stock financing globally, benefiting from strong performances in large IPOs and sectors like AI. The mainland China's new stock market has seen growth in both financing scale and the number of new stocks, and it is expected to maintain its growth momentum. The outlook for the Hong Kong market will be influenced by the US-Iran conflict and the financing strategies of Chinese enterprises. If new stocks are successfully listed, Hong Kong is expected to rank among the top three in global financing" datetime: "2026-04-14T07:21:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282646404.md) - [en](https://longbridge.com/en/news/282646404.md) - [zh-HK](https://longbridge.com/zh-HK/news/282646404.md) --- # Deloitte China: The new stock market in mainland China will continue to grow, and Hong Kong may rank among the top three global IPO markets in 2026 China Economic Journal reporter Shi Yingjing reported from Shanghai. Recently, Deloitte China's Capital Markets Services Group (CMSG) released a review of the new stock markets in mainland China and Hong Kong for the first quarter of 2026, as well as a forecast for the remaining time of this year for both new stock markets. According to an interview with a reporter from China Business Journal, despite the impact of the US-Iran war and unusual fluctuations in global stock markets in March, the total amount of funds raised from the top ten global IPOs, including those from several large companies, still surpassed that of the same period in 2025 in the first quarter of 2026. It is reported that in the first quarter of 2026, Hong Kong became the market with the most new stock financing globally, mainly benefiting from three super-large new stocks entering the top five global IPOs, as well as strong momentum in artificial intelligence (AI) and the "A first, then H" listing strategy. Nasdaq ranked second, mainly benefiting from the successful listings of a Japanese digital financial platform and a construction technology company, both of which ranked among the top ten new stocks globally. At the same time, in the first quarter of this year, the new stock market in mainland China showed growth in various aspects, including financing scale, number of new stocks, financing amounts of the top five IPOs, and the number of companies applying for listing and attending meetings, compared to the first quarter of 2025, mainly due to various capital market reform measures. With the approval of listing applications and the continued pace of new stock issuances maintaining the momentum of 2025, the ongoing reforms of the ChiNext and STAR Market, as well as the inflow of long-term investment funds such as insurance funds into the stock market, it is expected that the IPO market in mainland China will maintain its growth momentum. For the remainder of 2026, the prospects of the Hong Kong new stock market will depend on the development of the US-Iran conflict, the plans and strategies of Chinese companies to use Hong Kong as an international financing platform, and the reforms carried out by Hong Kong regulatory authorities on the capital market. If several potential new stocks with large financing scales can be successfully listed this year, significantly unaffected by the situation in the Middle East, Hong Kong is expected to rank among the top three in the global financing rankings in 2026. In the first quarter of 2026, a total of 30 new stocks were listed in the A-share market, raising 25.9 billion yuan, compared to 27 new stocks raising 16.3 billion yuan in the same period of 2025, representing an 11% increase in the number of new stocks and a 59% increase in financing amount. The Shanghai Stock Exchange led in fundraising with 10 new stocks raising 15.4 billion yuan; the Beijing Stock Exchange recorded the highest number of new stock issuances (16 stocks) raising 4.9 billion yuan; while the Shenzhen Stock Exchange had 4 new stocks issued raising 5.6 billion yuan. Zhao Haizhou, the partner in charge of A-share listing business in East China at Deloitte China's Capital Markets Services Group, pointed out: "In the first quarter of 2026, both the number of new stocks and the financing amount in the A-share market have surpassed the levels of the first quarters of 2025 and 2024, indicating that the market is further warming up. Given that some potential large listed companies have submitted listing applications, if the market environment is favorable, we are optimistic that the entire market will perform well by 2026." Zhao Haizhou further added: "With the deepening reform of the ChiNext and the implementation of the '1+6' policy for the STAR Market, it is expected that more innovative companies closely related to China's national strategy will be listed on the A-shares; for example, companies in key strategic areas mentioned in China's 14th Five-Year Plan, such as AI, new energy, high-end manufacturing, aerospace, quantum technology, and biomanufacturing, will enjoy significant advantages when going public." In the first quarter of 2026, Hong Kong will have 40 new stocks listed, raising HKD 109.9 billion, a 167% increase from 15 new stocks raising HKD 18.2 billion in the same period last year, while the total financing amount surged by 504%. Among them, 3 super-large new stocks and 8 large new stocks contributed nearly 70% to the total financing amount of new stocks in Hong Kong in the first quarter of 2026, including two giant Chinese consumer new stocks ranked among the top five globally. In response, Xie Minghui, the national partner in charge of the Hong Kong listing business at Deloitte China's Capital Markets Services Department and the partner in charge of the listing business in East China, stated: "After achieving remarkable success in 2025, Hong Kong continues to maintain its position as a leading global IPO market. Most of the new stocks and financing amounts come from companies in the technology, media, and telecommunications (TMT) sector, fully demonstrating the tremendous efforts and successes made by regulators in introducing innovation and new economy enterprises to the Hong Kong capital market through the establishment of a supportive listing framework. This listing framework includes the formulation of listing systems for specialized technology companies, the launch of technology-specific channels, and the optimization of the listing application process for large A-share companies, creating a more mature ecosystem for Hong Kong and attracting some strategic enterprises to set up offices or headquarters in Hong Kong." CMSG continues to predict that, supported by over 500 companies applying for listing, approximately 160 new stocks will be listed in Hong Kong in 2026, raising at least HKD 300 billion, with most of the applicants being leading Chinese enterprises, existing A-share issuers, and companies seeking to expand overseas. It is expected that about 7 companies will each raise at least USD 1 billion this year. Xie Minghui stated: "A large number of Chinese enterprises with strong financing needs and a willingness to expand overseas are building a solid backing for the Hong Kong IPO market in 2026. Hong Kong has surpassed its traditional role as a financing platform and evolved into a comprehensive strategic ecosystem that allows global enterprises not only to raise funds but also to establish and expand their long-term regional footprint." (Editor: Zhang Jiazhen Review: Tong Haihua Proofreading: Zhai Jun) ## Related News & Research - [Hong Kong’s East Dam draws thousands for ‘golden week’ as entry fee floated](https://longbridge.com/en/news/284880857.md) - [11:36 ETThe Marianne on Inwood to Offer Luxury Senior Living in Dallas](https://longbridge.com/en/news/284802713.md) - [Here are the stock market's winners and losers of Big Tech's most critical earnings stretch](https://longbridge.com/en/news/284783659.md) - [Hong Kong CityU’s Singaporean president Freddy Boey quits 2 years early](https://longbridge.com/en/news/284186113.md) - [12:40 ETPAPPAS FAMILY OF RESTAURANTS ACQUIRES ON THE BORDER MEXICAN GRILL & CANTINA](https://longbridge.com/en/news/284921520.md)