安永报告：2025年上半年中国IPO活动全球占比上升

Group 1 - The core viewpoint of the report indicates that the proportion of China's IPO activities in the global market has increased in the first half of 2025, despite a general decline in global IPO activities [1] - The report estimates that 500 companies will go public globally in 2025, raising a total of $57.5 billion, with the number of IPOs decreasing by 11% year-on-year while the fundraising amount increased by 9% [1] - In the Hong Kong market, IPO activities have been robust, accounting for 24% of the global total fundraising, while the combined share of A-shares is 33% [1] Group 2 - The report forecasts that 50 companies will achieve initial public offerings in the A-share market in the first half of 2025, raising over 37.1 billion RMB, with both the number of IPOs and the fundraising amount increasing by 14% year-on-year [1] - The report highlights a growing focus on technology-oriented companies in the A-share market, with regulatory support for high-quality, unprofitable tech firms indicating an accelerating release of institutional dividends for innovative enterprises [1] - In the Hong Kong market, approximately 40 companies are expected to go public, raising around 10.87 billion HKD, with IPO numbers and fundraising amounts increasing by 33% and 711% year-on-year, respectively, making it the largest fundraising scale globally [1][2]