“潮起长江、扬帆香江”，八城论坛持续推进，解码港股IPO新生态

Group 1: Hong Kong Capital Market Overview - In the first three quarters of 2025, Hong Kong's capital market led globally with 67 IPOs and a fundraising amount of HKD 186.5 billion, representing a year-on-year increase of 236% [1] - By the end of September, net inflows from southbound funds reached HKD 116.8 billion, surpassing the total for 2024 and showing a significant year-on-year growth of nearly 132% [1] - The influx of long-term capital from international sources, including the US and the Middle East, has driven the average daily trading volume of Hong Kong stocks to a historical high, with IPO companies achieving the strongest post-market performance since 2020 [1] Group 2: EY's Role and Initiatives - EY launched a series of forums in eight cities along the Yangtze River, focusing on practical challenges and execution details in the IPO process, reflecting the demand for professional guidance amid the Hong Kong IPO boom [2][5] - The forums featured discussions on opportunities and practical aspects of listing in Hong Kong, with participation from notable investment banks, law firms, and EY partners [2][5] - EY emphasized its commitment to supporting clients in achieving their IPO goals, highlighting the importance of integrating professional services and financial support for successful listings [5] Group 3: Key Insights from the Forums - Experts discussed the need for companies to establish clear financial logic and data support systems, as well as to conduct tax health checks and optimize tax planning early in the IPO process [3][6] - Legal challenges related to overseas listings were analyzed, with recommendations for companies to implement a dual compliance mechanism to ensure legal stability throughout the process [3][6] - The forums provided a platform for interactive discussions, allowing participants to gain a comprehensive understanding of the IPO framework and critical milestones [3][10] Group 4: Future Events and Engagement - EY announced the continuation of the "China Enterprises Going Public in Hong Kong" forums in key cities, aiming to expand service coverage and deepen regional cooperation [11] - Upcoming events are scheduled in Suzhou, Chengdu, Ningbo, and Hefei, with specific dates and locations provided for interested participants [11]