Core Viewpoint - The Hong Kong Stock Exchange reported a significant increase in IPO fundraising, with a 579% rise in the first eight months of 2025 compared to the same period last year, indicating a robust market recovery and investor confidence [8][11]. Market Performance - On September 4, the Hang Seng Index fell by 1.12%, with the Hang Seng Technology Index down by 1.85% and the Hang Seng China Enterprises Index down by 1.25%. The total market turnover was 302.33 billion HKD, with southbound funds slightly net buying 706 million HKD [2]. - Among the constituent stocks, 27 rose while 56 fell, with notable declines in stocks like Zhongsheng Holdings (-8.85%) and WuXi AppTec (-7.31%) [3]. IPO and Fundraising Statistics - In the first eight months of 2025, the total IPO fundraising in Hong Kong reached 134.5 billion HKD, a substantial increase from 19.8 billion HKD in the same period last year [8]. - The total fundraising in the Hong Kong securities market was 368.8 billion HKD, up from 87.3 billion HKD year-on-year, marking a 322% increase [8]. Trading Volume and Market Activity - The average daily trading volume in the Hong Kong securities market for the first eight months of 2025 was 2.79 billion HKD, a 192% increase from 955 million HKD in the previous year [8]. - The average daily trading volume for exchange-traded funds was 337 million HKD, up 183% from 119 million HKD year-on-year [10]. Company Performance - Sun Hung Kai Properties reported a total revenue of 72.702 billion HKD for the fiscal year 2024/25, reflecting an 8.8% year-on-year growth, with a pre-tax profit of 22.573 billion HKD, up 4.96% [14]. - The company's rental income decreased by 2% to 24.461 billion HKD, primarily due to a decline in turnover rent [17].