Chen Yiting: Hong Kong Stock Exchange's new share financing amount exceeded HK$160 billion in the first five months of this year.

On June 17, at the 2026 Shanghai Lujiazui Finance & Trade Zone Development Forum, titled "Plenary Session Three: Establishing a Sound and Perfect Capital Market," Charles Li, CEO of HKEX Group, stated that from January to May this year, Hong Kong Stock Exchange welcomed more than 60 new listing companies, with a total of HK$166.8 billion in new stock financing, an increase of HK$11 billion compared to the same period last year. Charles Li mentioned that when companies issue stocks, they are not only concerned about raising capital, but also pay close attention to whether the market can provide a reasonable pricing, especially for companies that have not yet been profitable or have no revenue, making it difficult to price using traditional PE methods. Hong Kong recently optimized the pricing and allocation mechanism for new stocks, by increasing the bargaining power of both influential investors and issuers. Charles Li explained that in the IPO pricing process, retail investors have less say compared to institutional investors. Therefore, starting from last year, Hong Kong has leaned towards allocating more to institutional investors to give them more say in the pricing process.