Hong Kong's primary market was thriving with the bourse processing close to 300 listing applications as of the end of September, following the implementation of a series of listing reforms, said the Acting Secretary for Financial Services and the Treasury, Joseph Chan Ho-lim.
Hong Kong Exchanges and Clearing (0388) welcomed 69 newly listed companies in the first three quarters of 2025, with over HK$180 billion raised through initial public offerings, representing an increase of over two times compared to the same period last year and ranking first globally, Chan said in a written reply to lawmakers on Wednesday.
In addition, four companies were listed on GEM since its reform in 2024, raising HK$280 million, Chan said, adding that 11 applications from small and medium enterprises for listing on GEM have been received so far this year, indicating that the earlier measures are beginning to yield results.
Riding on the positive momentum in 2025, the HKEX and the Securities and Futures Commission are taking forward further institutional enhancements to strengthen the vibrancy and competitiveness of Hong Kong's market, he noted.
