德勤：2025年前三季度A股新股数量及融资额将均有所增长

Group 1 - The report by Deloitte indicates a steady development trend in the A-share market for the first three quarters of this year, with an increase in both the number of new stocks and financing amounts, particularly in technology and renewable energy sectors [1] - Deloitte forecasts that there will be 78 new stocks listed in the A-share market by the third quarter of 2025, raising a total of 771 billion yuan, which represents a 13% increase in the number of new stocks and a 61% increase in total financing compared to the same period last year [1] - The report highlights that the new stock issuance in the A-share market is progressing steadily in line with regulatory policies, demonstrating the strength of the mainland's new stock market as it ranks among the top five globally in new stock financing [1] Group 2 - In the Hong Kong stock market, Deloitte anticipates that there will be 66 new stocks listed in the first three quarters of this year, raising 1,823 billion HKD, which is a 47% increase in the number of new stocks and a 228% increase in financing compared to the same period last year [1] - The report also predicts that there will be six large-scale new stock listings in Hong Kong during this period [1] - With the Federal Reserve entering a rate-cutting cycle, it is expected that more overseas funds will seek high-growth investment opportunities in the Asian markets, including mainland China and Hong Kong, providing a favorable environment for large new stock issuances in Hong Kong in the fourth quarter [2]