港股IPO市场持续升温，2026年有望迎来募资高峰

Group 1 - The core viewpoint of the article highlights the continuous expansion of the "A+H" listing model in Hong Kong, with companies like Dongpeng Beverage and Guoen Technology recently going public, reflecting the ongoing prosperity of the Hong Kong IPO market [1] - As of February 5, 2026, the Hong Kong stock market has welcomed 15 new IPOs this year, representing a year-on-year increase of 87.50%, with total fundraising reaching HKD 51.307 billion, a staggering increase of 757.71% [1] - Dongpeng Beverage has achieved a fundraising amount of HKD 10.1 billion, marking it as the first IPO in Hong Kong for 2026 to exceed HKD 10 billion [1] Group 2 - The "2025 Hong Kong IPO Market and Secondary Market White Paper" indicates that by the end of 2025, there will be 277 valid IPO applications in Hong Kong, with 93 of them being A+H companies, accounting for 33.6% [1] - The software services, healthcare, and industrial manufacturing sectors collectively represent over 60% of the companies applying for IPOs [1] - The market is supported by a robust project reserve, with 67.1% of the applicants being first-time filers, showcasing the increasing attractiveness of the Hong Kong stock market [4] Group 3 - Multiple institutions predict that the Hong Kong IPO market will continue its strong performance in 2026, with Deloitte estimating around 160 new listings and fundraising of no less than HKD 300 billion, while PwC forecasts fundraising between HKD 320 billion to HKD 350 billion [4] - The trend of leading A-share companies listing in Hong Kong is expected to continue, with 19 new A+H companies projected to raise significant funds, contributing to nearly half of the total fundraising in the Hong Kong market [4] - The Hong Kong Stock Exchange's ongoing reforms are enhancing market attractiveness, with the introduction of specialized chapters and fast-track options for biotech and hard-tech companies [4] Group 4 - In 2025, the top four IPO sponsors in Hong Kong were all Chinese brokers, with Ernst & Young being the leading auditor, indicating a dominance of Chinese firms in the industry [5] - The continuous influx of quality enterprises and deepening institutional reforms are expected to sustain the vitality of the Hong Kong IPO market, solidifying its position as a major global capital market [5]