Summary: Hong Kong’s IPO market is experiencing a surge in activity, driven by a confluence of factors including Beijing’s regulatory tailwinds, a muted pace of A-share listings, ample market liquidity, and delisting fears in U.S. markets. This has led to a flurry of mainland China-traded companies seeking secondary listings in Hong Kong, with the city on track to become the world’s largest listing destination this year. The renewed interest is further fueled by Hong Kong’s market inclusivity of emerging sectors and its fungibility in global markets, making it an attractive option for companies seeking to expand globally.

Link: https://www.cnbc.com/2025/07/03/hong-kong-hkse-hang-seng-nasdaq-nyse-wall-street-ipo-market-listings-2025.html