Hong Kong on track to regain the Global IPO Crown

Copyright © HT Digital Streams Limit all rights reserved. The Wall Street Journal 3 min Read 30 Jun 2025, 03:34 PM IST Hong Kong’s IPO revival is fueled by Chinese enterprises, which to the City (Reuters) ‘s summary to be Hong Kong to be the world’s number 1 destination, fueled by Chinese businesses that are flocked to the city to raise money. After years of a defective IPO activity, Hong Kong is back on track around the world’s no. 1 -listing destination. So far this year, there have been 41 initial public offers in the city, according to. At US $ 13.66 billion, the offering of the returns already exceeded the total amount collected during 2024. The revival is fueled by Chinese enterprises, which are flocking to the city, as the more favorable policy and improved market logical conditions create attractive conditions. The exclusion of Blanko-Control enterprises, Hong Kong exchanges and Clearing have the first half of the year of IPO fundraising of the IPO fundraising on top of the standings. The Nasdaq and the New York Stock Exchange placed second and third respectively, the Financial Markets platform said. Hong Kong’s ipo activity has been subdued over the past few years amid postandemic risk sentiment, high interest rates and a lukewarm stock market. In 2023 there were only 73 lists, and according to the HKEX data, only $ 5.90 billion was raised. The current revival is the result of multiple factors, including Chinese policy winds, market dynamics and a more robust corporate pipeline, says Jacky Lai, spokesperson for Capital Market Services at EY Hong Kong. Recent tensions in the US China have not deterred the activity. On the contrary, Hong Kong has become a preferred IPO -destination for Chinese firms, a trend supported by the concerns that the Trump administration could order dismantles of US exchanges. Hong Kong also plays a key role in the efforts of Chinese policymakers to retrieve life in capital markets, facilitate offering processes and to open access to investors. Beijing’s stimulus rollout, including more funding and interest rate cuts, further supported the business’s confidence. In February, Chinese President Xi Jinping held a rare meeting with corporate leaders during which he indicated that he needed their help to deliver economic growth and self -sufficiency. The meeting was taken as a pro-business shift, which came after years of regulatory businesses on private sector enterprises. The rise of the Chinese boot of artificial intelligence Deepseek was another catalyst for Hong Kong’s transaction market. The release of Deepseek’s low-cost-but powerful model in January fueled a rally in Chinese technical stocks, as investors reconsidered China’s capacity to innovation, urging a revival of Chinese equities. Chinese technical stocks have helped Hong Kong reach one of the best stock markets in Asia, which the benchmark hangs Seng index has so far risen about 20% in 2025. The buzzing market has a flurry of businesses, such as the Chinese battery giant contemporary amperex technology. Catl, already listed in Shenzhen, has raised nearly US $ 4.6 billion in gross returns in a secondary listing in Hong Kong last month – the world’s largest offer so far this year. On Friday alone, 16 Chinese enterprises filed applications to list on the Hkex General Council. The following Monday, six more stock investor orders began to accept nearly US $ 1.3 billion. The bakkie coincides with a return of risk appetite to global stock markets as a result of the relief of the tensions of the pic consecurity seen in April, especially between the US and China. If Hong Kong’s IPO momentum continues, the city can regain its title as the world’s largest IPO room for the first time since 2019, more than US $ 40 billion has been raised in the city. Write to Sherry Qin on sherry.qin@wsj.com, catch all the business news, market news, news reports and latest news updates on live currency. Download the Mint News app to get daily market updates. More topics #initial public offers read next story