证监会备案 | 2025年5月境内企业境外上市备案情况分析

Core Insights - The article highlights a surge in companies seeking to list in Hong Kong, driven by supportive policies and reforms in the capital market [2][9] - In May 2025, a total of 38 companies submitted applications for overseas listing, with 37 targeting Hong Kong and 1 targeting Taiwan, while no applications were made for the US Nasdaq [3][5] - The successful completion of 11 companies' listings in May indicates a growing trend towards Hong Kong as a preferred listing destination [5][6] Group 1: Listing Statistics - In May 2025, 38 companies submitted overseas listing applications, with 26 in accepted status and 12 requiring additional materials [3][4] - The average time for companies to obtain listing approval was approximately 9 months [5] - The industry distribution of approved companies shows a concentration in manufacturing (28%), biomedicine (27%), and consumer services and new energy technology (18%) [7] Group 2: Policy Support - The dual policy support from the Chinese government and the Hong Kong Stock Exchange has significantly enhanced the attractiveness of IPOs in Hong Kong [2][9] - The introduction of a fast track for "A+H" dual-listed companies and the "Science and Technology Enterprise Special Line" policy aims to facilitate the listing process for innovative companies [10][11] - These policies are designed to alleviate financing difficulties for technology companies and strengthen their position in the global supply chain [11]