耀才：预计2026年香港IPO集资续居全球首位 恒指年内有望重上30000点

Group 1 - The Hong Kong stock market is expected to achieve remarkable performance in 2025, with an average daily trading volume increasing by 90% year-on-year, reaching a historical high. The new stock fundraising amount has also topped the global rankings at HKD 285.8 billion [1] - In the fourth quarter alone, 11 stocks saw their prices double on the first day of listing, indicating strong market performance. The AI trend is anticipated to remain a focal point in 2026, with expectations of more AI and technology-related stocks being listed in Hong Kong this year [1] - The Hang Seng Index is projected to surpass the 30,000-point level this year, driven by the positive outlook for the mainland and Hong Kong stock markets, despite uncertainties from U.S. political policies [1] Group 2 - The Hong Kong product ecosystem is continuously expanding, with the launch of six new stock options covering biotechnology and gold sectors, which have received a positive market response and active trading [2] - The ETF market in Hong Kong is expected to reach new highs in both trading volume and new product issuance in 2025, while the trading volume of structured products increased by over 50% year-on-year, reflecting higher participation from individual investors [2] - The total trading amount of warrants surged last year, as investors utilized warrants to capture market volatility, leading to an expansion of coverage for U.S. stock-related assets [2]