Hong Kong records first rise in new listings since 2020, as Beijing's policy pivot refuels optimism

Hong Kong experienced a significant increase in listing activities this year, with more Chinese companies choosing the city for capital-raising and investors growing optimistic following Beijing’s support for the offshore market. The Hong Kong stock exchange saw new listings rise for the first time in three years, raising a total of $10.65 billion across 63 deals, marking an increase of over 80% compared to the previous year. Despite signs of recovery, experts caution that sustained improvement in the onshore economy and easing geopolitical tensions are necessary for a further uptick in Hong Kong’s IPO activities.

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