There are currently more than 150 companies in the pipeline to list in Hong Kong, many of which are mega-cap firms with fundraising targets exceeding US$1 billion (HK$7.8 billion), says Hong Kong Exchange and Clearing (0388) chief executive Bonnie Chan Yi-ting.
Speaking at an event, Chan said the city’s initial public offering market is poised to benefit further from dual listings of A-shares and H-shares as well as the homecoming listings of US-traded Chinese stocks.
She noted that HKEX has been in discussions with several US-listed Chinese firms, some of whose shareholders are seeking “plan B” options in case of delisting.
She highlighted the SAR’s role as a key platform for mainland firms seeking overseas financing and international expansion, while emphasizing the need for tailored listing frameworks for specific industries to enhance market accessibility.
Chan acknowledged that geopolitical tensions are affecting global markets, including Hong Kong’s, but expressed optimism about capital reallocation trends.
With investors scaling back exposure to US dollar-denominated assets, Hong Kong stands out as a hub for redirected capital, she said, adding that Contemporary Amperex Technology’s (3750) listing, for instance, attracted investors from Europe and the Middle East, underlining the importance of policy stability for global investors.
STAFF REPORTER
