Core Viewpoint - The Hong Kong IPO market has experienced explosive growth in the first half of the year, with a financing scale increase of 714% year-on-year, reaching $14 billion, leading to significant earnings for investment banks and a fierce talent competition in the industry [3][5][6]. Group 1: IPO Market Performance - The Hong Kong IPO financing scale reached $14 billion in the first half of the year, a 714% increase compared to the previous year [5]. - The average listing fee for new stocks is approximately HKD 102 million, with total listing fees amounting to about HKD 54.92 billion [5]. - Daily trading volume increased by 118% year-on-year to HKD 2.402 billion [5]. Group 2: Investment Banks' Earnings - The total underwriting and investment banking fees for 13 listed brokers in Hong Kong reached HKD 91.7 billion, a 30% increase from HKD 70.6 billion in the same period last year [7]. - Major brokers like CICC, Guotai Junan, and Shenwan Hongyuan saw significant revenue growth, with CICC's revenue reaching HKD 9.77 billion, an increase of HKD 606 million [7][8]. Group 3: Talent Competition - The number of licensed financial professionals in Hong Kong increased significantly, with a net addition of about 1,200 professionals in the past year [10]. - Job openings related to IPOs have grown by approximately 30% compared to the previous year, leading to a fierce talent competition among investment banks [10][11]. - Some firms are willing to pay to buy out candidates' notice periods to secure talent [11]. Group 4: Salary Trends - Salaries for professionals with sponsorship rights and three years of experience are generally above HKD 1 million annually, with VP-level salaries increasing by 20% to 35% [15]. - The average salary for Guotai Junan International employees rose from HKD 610,000 to HKD 710,000, while Xingzheng International's average salary increased from HKD 450,000 to HKD 540,000 [16]. - The median monthly income for Hong Kong residents reached HKD 22,300, with the financial and insurance sector leading at HKD 40,000 [16].
港股IPO火爆收入激增,香港投行人称“薪酬一年抵过两年”