Group 1 - The report by Ernst & Young indicates that the IPO markets in mainland China and Hong Kong contribute 16% of global IPO numbers and 33% of total fundraising [1] - The A-share market has transitioned from a focus on scale expansion to prioritizing quality, with a notable increase in the number of IPOs and fundraising scale this year [1] - The average fundraising amount for A-share IPOs is expected to increase by over 50% by 2025, reaching 1 billion yuan, driven by a rise in the proportion of IPOs raising over 10 billion yuan [1] Group 2 - The A-share market is playing a crucial role as an "industry cultivator," providing initial capital support for hard technology companies from R&D to production [2] - The Hong Kong IPO market is projected to recover strongly in 2025, with fundraising surpassing 200 billion HKD, marking the second-highest level in five years [2] - The "A+H" dual listing model is expected to remain popular, with over 20 A-share companies anticipated to list in Hong Kong, raising a total of over 170 billion HKD [2]
安永：A股IPO迈入科技驱动新阶段
Zheng Quan Ri Bao Wang·2025-12-01 11:39