HKEX(HK:00388) 智通财经网·2025-11-27 07:27Group 1 - The core viewpoint of the report indicates that the IPO activities in mainland China and Hong Kong are experiencing growth, with A-shares and the Hong Kong market accounting for 16% and 33% of the global total in terms of IPO numbers and fundraising amounts respectively [1] - Hong Kong Stock Exchange ranked first globally with a fundraising amount of $36 billion for the year, marking a significant achievement in the IPO market [1] - The global IPO market shows signs of improvement, with the number of IPOs remaining stable and fundraising amounts on the rise, while Chinese companies occupy five spots in the top ten global IPOs, an increase from 2024 [1] Group 2 - The Hong Kong IPO market saw a strong recovery in 2025, with a total fundraising amount of HKD 280 billion, representing a substantial year-on-year increase of 218%, and surpassing the HKD 200 billion mark for the first time in four years [2] - Over 100 new stocks were listed in the Hong Kong market, reflecting a 43% increase from the previous year, indicating a significant rise in market activity [2] - Large IPOs have been a key factor in the resurgence of the Hong Kong stock market, with the top ten IPOs collectively raising HKD 154.7 billion, accounting for over half of the total annual amount, and showing an average financing scale increase of 137% compared to last year [2]