快讯｜香港IPO市场格局生变，中资律所包揽前三实现主导

Core Insights - The Hong Kong IPO market is undergoing a structural transformation by January 2026, with three Chinese law firms—Jingtian Gongcheng, King & Wood Mallesons, and Tongshang—dominating the top three positions in terms of projects under review [1] - Jingtian Gongcheng leads significantly with 161 projects, far surpassing foreign law firms [1] - The fundraising scale for Hong Kong IPOs is expected to approach $40 billion in 2025, reclaiming its position as the most active IPO market globally [1] - Chinese law firms are maintaining a core position in large transactions due to their deep ties with Chinese investment banks and issuers [1]