Shen Zhen Shang Bao·2025-06-30 22:46Core Viewpoint - The Hong Kong IPO market has experienced explosive growth in the first half of this year, with a significant increase in the number of IPOs and total financing amount compared to the same period last year [1][2]. Group 1: IPO Market Performance - From January 1 to June 30, 2023, there were 43 IPOs on the Hong Kong Stock Exchange, an increase of 13 compared to the same period last year [1]. - The total IPO financing amount reached 1,067.13 billion HKD, surpassing the total financing amount of 881.47 billion HKD for the entire previous year, representing a year-on-year increase of 688.56% [1]. - Hong Kong Stock Exchange ranked first globally in terms of IPO financing scale [1]. Group 2: Industry Distribution of IPOs - The majority of IPOs in the first half of 2023 came from industries such as electrical equipment, pharmaceutical and biotechnology, food and beverage, machinery, consumer services, non-ferrous metals, software services, and banking, with new consumption and technology companies being predominant [1]. - The top three industries in terms of fundraising were electrical equipment (426.44 billion HKD), pharmaceutical and biotechnology (156.30 billion HKD), and food and beverage (116.01 billion HKD) [1]. Group 3: Notable IPOs - Among the 43 IPOs, 17 companies raised over 1 billion HKD, 8 companies raised over 2 billion HKD, and 6 companies raised over 3 billion HKD [1]. - The top three companies by IPO financing were Ningde Times (410.06 billion HKD), Hengrui Medicine (113.74 billion HKD), and Haitian Flavoring and Food (101.29 billion HKD) [1]. - Other companies with IPO financing exceeding 2 billion HKD included Sanhua Intelligent Control, Mixue Group, Chifeng Jilong Gold Mining, Nanshan Aluminum International, and Guming [1]. Group 4: A-Share Companies Listing in Hong Kong - There has been a noticeable increase in A-share companies listing in Hong Kong this year, with several companies such as Ningde Times, Hengrui Medicine, and Haitian Flavoring and Food already listed [2]. - The trend of "A+H" listings is expected to be a key theme for 2025, with over 30 A-share companies having submitted applications for H-share listings and more than 20 companies announcing plans for H-share listings [2].