伴随着市场情绪回暖和政策层面释放积极信号，港股IPO市场呈现一片繁荣景象。 港交所数据显示，今年前9个月，港交所处理的上市申请数目（含重新申请企业）达380家，超过去年同期的两倍。 这些企业覆盖从医疗科技到消费服务、从新能源到人工智能等多个热门赛道，既折射出中国经济结构转型的新趋势，也反映出港股市场吸引力正强劲回 升。 今年港股IPO的热度离不开A股企业的积极参与。 在前9月的5宗"超大盘"交易中，有4宗为"A+H"股，包括宁德时代(03750.HK)、恒瑞医药(01276.HK)、三花智控(02050.HK)和海天味业(03288.HK)。 此外，Wind数据显示，今年前9月港股IPO（含创业板）募资总额约1823.97亿港元，同比大幅增长227.15%，显著高于美股，强势登顶全球IPO募资额榜 首。 IPO热潮推动"科技"含量持续提升 掀起本轮港股IPO市场热潮的推动力有四个方面：港交所持续优化上市制度、内地鼓励企业赴港上市、A股融资收紧以及美国对中概股监管持续加码。 这些因素共同促使更多优质企业转向香港资本市场。例如，在支持内地企业赴港上市方面，香港证监会和港交所此前推出了针对合资格A股公司的快速审 批 ...

Group 1 - The Hong Kong stock market is experiencing a surge in technology company listings, with a focus on core technology firms in sectors such as renewable energy and AI, transforming Hong Kong into a global technology capital hub [1] - As of May 29, 2025, 27 companies have listed on the Hong Kong stock market this year, raising a total of 77.123 billion HKD, with 5 technology companies having passed the hearing process and 155 currently under review [1] - The Hong Kong Stock Exchange has optimized its listing regulations, including the introduction of rules 18A, 18C, and the "Tech Company Special Line," to attract more high-quality technology firms to list [1][2] Group 2 - CITIC Securities notes that the Hong Kong stock market has developed a complete financial system, with significant weight in sectors such as finance, real estate, technology, and consumer goods, benefiting from global re-evaluation of Chinese assets and national policy support [2] - The introduction of the "Tech Company Special Line" in May 2025 facilitates the listing of specialized technology and biotech companies, allowing for confidential application submissions and reinforcing Hong Kong's position as a platform for emerging tech company listings [2] - Continuous inflow of southbound funds has been observed, with the proportion of actively managed equity funds allocated to Hong Kong stocks reaching a five-year high in the first quarter of 2025, indicating improved market liquidity [2]