Group 1 - The core viewpoint of the article highlights the strong performance of global IPO markets in the first half of 2025, with Hong Kong leading in IPO financing [1][7] - Deloitte's report indicates that Hong Kong's IPO financing reached 102.1 billion HKD, a significant increase of 673% compared to the previous year [7][9] - The A-share market also saw growth, with 50 new IPOs raising 37.1 billion RMB, reflecting a 14% increase in both the number of IPOs and financing compared to the previous year [3][6] Group 2 - Zhejiang province had two companies among the top five A-share IPOs, with Zhongce Rubber leading at 4.1 billion RMB [4][6] - The report anticipates that the A-share market will become more active in the second half of the year, particularly for high-tech companies, due to new policies from the China Securities Regulatory Commission [6][9] - Hong Kong's IPO market is expected to attract more companies, with over 170 listing applications in process, and a projected total financing of 200 billion HKD for the year [9]