HKEX(HK:00388) Jin Rong Jie·2025-12-18 07:27Group 1 - Deloitte's Capital Markets Services Department estimates that at least 7 new stocks with a fundraising scale exceeding HKD 10 billion will debut 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 such as 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 will attract significant new listings from various industries and regions [1] - Deloitte's South China Managing Partner, Ou Zhenxing, stated that Hong Kong is expected to maintain a top-three position in terms of fundraising amount next year, despite the potential listing of large aerospace and mortgage companies in the US [1] Group 2 - According to estimates, Hong Kong is projected to complete 114 new stock listings this year, 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 seen 175 new stocks raising HKD 205.2 billion this year, while the National Stock Exchange of India ranks third with 222 new stocks raising HKD 168.2 billion [1]