Hong Kong sees strong IPO pipeline with 300 firms waiting to list, Paul Chan says

Hong Kong is poised for a strong year in initial public offerings, with more than 300 companies lining up to list and growing optimism around market momentum, the city's financial secretary, Paul Chan Mo-po, said in a Bloomberg News interview at the World Economic Forum in Davos.

The IPO pipeline is dominated by high-quality companies in fast-growing sectors such as artificial intelligence and health technology, Chan noted.

He added the city is also seeking to attract firms from Southeast Asia, the Middle East and Europe, positioning itself as a capital-raising hub for companies looking to tap China and the broader Asian market.

Meanwhile, the SAR government expects to record an operating surplus in the 2025–26 fiscal year, though land revenues may take longer to recover as investment accelerates in the Northern Metropolis, which will require some debt financing before returns are realised, the financial secretary said.