Core Insights - The Hong Kong stock market, once considered a backup option for VC/PE institutions, has become a popular choice for many, with almost every institution having initiated or planned IPO projects in Hong Kong this year [1] Group 1: Market Dynamics - The shift in attitude towards the Hong Kong market is driven by a profitable effect, indicating a change in perception among VC/PE institutions [1] - There are underlying concerns regarding the differentiation in exit strategies, suggesting that not all institutions may benefit equally from this trend [1] Group 2: Investment Strategy - VC/PE institutions are currently focused on carefully assessing the compatibility of their invested companies with the Hong Kong market [1] - There is an emphasis on seizing the current IPO window, highlighting the urgency and potential opportunities available in the market [1]