New Stock Fundraising Leads Globally: Hong Kong's IPO Raises Over 60 Billion HKD
- 炒年糕的貓貓
- May 19
- 2 min read
This article is for reference purposes only and does not constitute investment advice. Investment involves risks, and it is advisable to seek independent opinions before making any investment decisions.
Hong Kong's Financial Secretary, Paul Chan Mo-po
Hong Kong’s stock market has continued to perform well this year. Although the tariff war caused a dip in early April, the market has since rebounded strongly, showing significant resilience. As of the close on May 16, the Hang Seng Index stood at 23,345 points, with a year-to-date increase of 16%.
IPO Market Leads the Way
Notably, the Hong Kong IPO market has seen explosive growth, with a total of 22 new listed companies raising over 60 billion HKD, marking a sixfold increase compared to the same period last year. Hong Kong remains the leader in global stock fundraising.
Below are the best-performing companies on their first trading day:
Code | Company | Listing Date | First Day Increase |
09606 | Endure Biologics | April 15 | 116% |
02097 | MIXUE Group | March 3 | 43% |
00325 | Bloks Group | January 10 | 40% |
02589 | Auntea Jenny | May 8 | 40% |
01333 | Breton | May 7 | 38% |
Upcoming Listings:
May 23：Jiangsu Hengrui Pharmaceuticals（01276.HK）
May 23：MIRXES-B（02629.HK）
May 27：PegBio-B（02565.HK）
May 27：Xiamen Jihong Package Technology（02603.HK）
Decline in HIBOR Interest Rates
The HKD exchange rate has continued to strengthen, touching the 7.75 HKD per USD strong-side convertibility guarantee level four times this year. The Hong Kong Monetary Authority has injected 129 billion HKD into the banking system through foreign exchange market operations, effectively maintaining the stability of the linked exchange rate system. Additionally, abundant market liquidity has led to a significant drop in the HIBOR (Hong Kong Interbank Offered Rate), from a high of 4% at the beginning of the year to 1.3%, substantially lowering financing costs for businesses.
Promoting Innovation and Capital Markets
Hong Kong's vision is to bring together global scientific research elites, leading technology companies, and excellent startups and entrepreneurs, becoming a hub for technological innovation. At the same time, Hong Kong is continuously improving the operation of its capital markets, creating smoother and more comprehensive financing channels to provide stronger capital support for technological innovation.
Conclusion
The strong performance and steady growth of Hong Kong’s financial markets demonstrate its central position in global capital markets. With the flourishing development of the Hong Kong IPO market, Hong Kong is undoubtedly moving towards becoming a hotspot for global capital and innovative technology.
If you are planning to establish a company in Hong Kong, feel free to contact Oceanus Strategic. Our team will provide you with professional advice. In the future, we will also publish more interesting articles, so stay tuned.
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