Core Viewpoint - The Hong Kong stock market is expected to fully recover in 2025, ending the "winter" market from 2021 to 2024, driven by technological breakthroughs, listing reforms, and support for tech companies [1] Group 1: IPO and Financing - The total IPO scale is projected to reach HKD 286.3 billion, regaining the top position globally, with 8 companies raising over HKD 10 billion each, and the IPO failure rate dropping to 28.83%, a recent low [1] - The refinancing scale is expected to reach HKD 316.6 billion, surpassing IPOs, with leading companies like BYD and Xiaomi at the forefront [1] Group 2: Market Performance - The Hang Seng Index is anticipated to have an annual increase of 28.49%, ranking among the top global major stock indices, with innovative pharmaceuticals and non-ferrous metals as key sectors [1] - Strong capital support is evident, with net southbound capital inflows reaching nearly HKD 1.41 trillion, setting a new record, and listed companies repurchasing over HKD 170 billion and distributing dividends of nearly HKD 1.46 trillion, both hitting all-time highs [1] Group 3: Market Dynamics - A total of 61 companies are expected to delist, with 27 of those being privatizations, showing an increase compared to previous years [1]
快讯｜2025港股全面回暖：IPO重返全球第一 多维度表现亮眼
Sou Hu Cai Jing·2025-12-25 02:08