HKEX(HK:00388) Sou Hu Cai Jing·2025-12-18 07:08Group 1 - Deloitte's Capital Markets Services Department estimates that at least 7 new stocks raising over HKD 10 billion will be listed in Hong Kong next year, with a total of 160 new stocks expected and a fundraising scale of at least HKD 300 billion [1] - Factors contributing to this growth include US interest rate cuts, China's outbound strategy for enterprises, domestic demand policies, support for hard technology and new productivity industries, and reforms in the Hong Kong capital market [1] - Deloitte's partner in South China, Ou Zhenxing, stated that Hong Kong is expected to maintain a top three position in terms of fundraising amount, despite potential listings of large aerospace and mortgage companies in the US next year [1] Group 2 - In 2023, Hong Kong is projected to complete 114 new stock listings, raising approximately HKD 286.3 billion, with the number of new listings increasing by about 63% and the fundraising amount more than doubling [1] - The Hong Kong Stock Exchange is expected to rank first in total new stock fundraising by 2025, followed by NASDAQ in second place, which has had 175 new stocks raising HKD 205.2 billion this year [1] - The National Stock Exchange of India is projected to rank third, with 222 new stocks raising a total of HKD 168.2 billion [1]