Hong Kong Chief Executive: Over 500 Companies Queue for IPOs in Hong Kong

Hong Kong Chief Executive John Lee stated today that over 500 companies are currently queuing to list in Hong Kong, encompassing fields such as artificial intelligence, semiconductors, robotics, autonomous driving, and biotechnology. Speaking at the HSBC Global Investment Summit, Lee noted a growing number of emerging technology companies among those applying for Hong Kong listings. He acknowledged the complex global situation in the second quarter but highlighted Hong Kong's strong and active financial market performance this year. In March, the average daily turnover of Hong Kong stocks was nearly US$39 billion, an 8% increase from the previous year. By the end of March, Hong Kong's IPO fundraising exceeded US$14 billion, ranking first globally. Lee also emphasized that China's 15th Five-Year Plan (2026-2030) supports Hong Kong's development as an international financial, shipping, and trade center, providing a stable and secure business environment unmatched by other international centers. He added that investors are increasing their asset allocation in Hong Kong, viewing it as a safe haven for capital, with steady economic growth in mainland China and numerous high-quality companies listing in Hong Kong offering rich investment opportunities.