多重利好叠加 德勤中国预计港股前三季度新股融资额登顶全球

Core Insights - The Hong Kong IPO market has shown strong activity since Q3, with a significant increase in financing driven by a surge in new listings and overseas capital inflow [1][2] - Deloitte's report predicts that the Hong Kong IPO market will maintain its position as the world's leading market for new stock financing in the first three quarters of 2025, with total financing expected to reach between HKD 250 billion and HKD 280 billion for the entire year [1][3] Financing Growth - In the first three quarters of 2025, the Hong Kong IPO market is expected to see 66 new listings raising HKD 182.3 billion, representing a 47% increase in the number of new stocks and a 228% increase in financing compared to the same period last year [2] - Major companies such as CATL, Hansoh Pharmaceutical, and Sanhua Intelligent Control have raised over HKD 10 billion each, contributing significantly to the overall financing growth [2] Market Dynamics - The influx of overseas capital and regulatory support for mainland companies to list in Hong Kong are key factors driving the market's robust performance [2][4] - The Hong Kong Stock Exchange is currently processing over 230 listing applications, including several large IPOs, indicating a strong pipeline for future listings [3] Future Outlook - The anticipated interest rate cuts by the Federal Reserve are expected to inject additional liquidity into the global market, benefiting the Hong Kong IPO market in Q4 2025 [3][4] - Deloitte's revised forecast for the entire year suggests that the market will see 80 new listings, with a financing range of HKD 250 billion to HKD 280 billion, reflecting a significant upward adjustment from previous estimates [3]