德勤中国：2025年上半年A股市场新股数量和融资总额均将同比增长14%

Group 1 - The report by Deloitte China indicates a strong performance in the global IPO market, with the top ten IPOs expected to see a nearly 20% year-on-year increase in financing amounts by mid-2025 [1] - The A-share market is projected to maintain a steady trend in the second half of 2025, with the total number of new stock issuances expected to be comparable to 2024 [1] - The implementation of the "1+6" policy reform by the China Securities Regulatory Commission and the introduction of a third set of standards for the ChiNext board will enhance market activity, particularly for high-tech companies [1] Group 2 - In the first half of 2025, the A-share market is expected to see 50 new stocks listed, raising approximately 37.1 billion RMB, representing a 14% year-on-year increase in both the number of new stocks and total financing [1] - The Hong Kong market is anticipated to have 40 new stocks listed in the first half of 2025, with a financing amount reaching 102.1 billion HKD, marking a 33% increase in new stock numbers and a 673% increase in financing [1] - For the entire year of 2025, Hong Kong is projected to have 80 new stocks listed, with total financing expected to reach 200 billion HKD, driven primarily by A+H shares and companies in technology, media, telecommunications, and consumer sectors [1]