Shen Zhen Shang Bao·2025-09-15 23:03Core Insights - The Hong Kong IPO market has been exceptionally active in 2023, with 60 new listings raising a total of 138.67 billion HKD, making it the leading exchange globally for IPOs this year [1] - The influx of mainland companies is a significant factor contributing to the robust performance of the Hong Kong IPO market [1][2] - The top three IPOs this year were led by Contemporary Amperex Technology Co. (CATL), which raised 41.01 billion HKD, followed by Hengrui Medicine and Sanhua Intelligent Controls, collectively accounting for nearly 50% of the total IPO fundraising [1] Market Trends - In 2023, 70 companies have listed on the Hong Kong stock exchange, raising 46.33 billion HKD, while projections for 2024 indicate 67 companies are expected to raise 88.15 billion HKD [1] - The total fundraising in the first nine months of 2023 has already surpassed the total amount raised in the previous two years combined [1] - As of August 2023, 11 A-share companies have completed their IPOs in Hong Kong, raising 91.3 billion HKD, which constitutes approximately 70% of the total fundraising in the market [2] Future Outlook - There are currently 234 companies in the IPO pipeline for Hong Kong, with 52 of them being A-share companies planning to list [2] - The strong performance of the Hong Kong secondary market, with the Hang Seng Index rising by 30% this year, has attracted more mainland enterprises to consider listing [2] - The Hong Kong Stock Exchange's inclusive IPO policies and faster listing processes are also seen as key factors driving the current IPO boom [2]