Funds raised through Initial Public Offerings (IPO) in Hong Kong have exceeded HK$76 billion (US$9.7 billion) so far in 2025, the city’s finance chief has revealed, following the biggest listing of the year, made last week by a mainland Chinese battery manufacturer.
Financial Secretary Paul Chan Mo-po also said that deepening ties with the mainland is key for Hong Kong’s long-term development, despite negative evaluations from some ratings agencies, as he expressed confidence in the city’s financial markets to withstand external shocks.
Writing on his weekly blog, Chan described the city’s IPO market as “bustling” after it welcomed the world’s largest offering this year.
“So far this year, the amount of funds raised from new share offerings in Hong Kong has exceeded HK$76 billion, an increase of more than seven times over the same period last year, and has reached nearly 90 per cent of the total amount of funds raised for all of [2024],” Chan said.
Chan added that the government would continue to safeguard the security of Hong Kong’s financial markets amid what he described as a “complex and ever-changing” geopolitical and economic landscape.
