港交所18C章迎来企业上市热潮，机器人与AI成焦点

Core Insights - The Hong Kong Stock Exchange's special listing system for technology companies (Chapter 18C) is experiencing a surge in IPO applications, with 20 companies having submitted applications since 2025 [1][3] - This system, implemented in March 2023, significantly relaxes financial thresholds for companies, allowing loss-making hard tech firms with core technologies to access funding [3] - The current wave of applications is primarily focused on the robotics and artificial intelligence sectors, with companies like Stand Robot, Rockstone Robotics, and XianGong Intelligent among those queuing for listing [3] Industry Developments - Since the introduction of the 18C chapter, only three companies—Yuejiang Technology, Black Sesame Intelligence, and Jingtai Holdings—had listed on the Hong Kong Stock Exchange before 2025 [3] - The launch of the "Tech Company Special Line" in May 2023 by the Hong Kong Stock Exchange has facilitated this surge by allowing 18C and 18A companies to submit applications confidentially, thus reducing initial communication costs and risks [3]