Hong Kong Stocks Account for 60%! An Overview of the Global IPO Rankings of Chinese Enterprises in the First Three Quarters of 2026

Title context: Hong Kong Stocks Account for 60%! An Overview of the Global IPO Rankings of Chinese Enterprises in the First Three Quarters of 2026 Text: In the first three quarters of 2026, hard-tech enterprises stood out on the IPO fundraising list for Chinese enterprises. Among the Top 20 Chinese enterprises by IPO fundraising amount, CXMT Corporation (688825.SH) and Zhongji Innolight (03308) ranked first and second with 66.607 billion yuan and 53.174 billion yuan, listing on the Shanghai Stock Exchange and the Hong Kong Stock Exchange, respectively. During the same period, Chinese enterprises completed a total of 244 IPOs globally, raising a combined 561.173 billion yuan; of this, Hong Kong stocks raised 336.896 billion yuan, accounting for 60.03%, and have become the "home turf" for Chinese enterprise IPO financing. Chinese Enterprise Global Market IPOs 01 Number of Chinese Enterprise Global IPOs Wind data shows that in the first three quarters of 2026, Chinese enterprises completed a total of 244 IPO listings in global markets (A-shares by online issuance date, Hong Kong and overseas markets by first listing date, the same below), an increase of 48 compared with the first three quarters of 2025, or 24.49%. Among them, 83 were completed in the third quarter, down 1 from the previous quarter and up 22% year-on-year. 02 Fundraising Amount of Chinese Enterprise Global IPOs In the first three quarters of 2026, the global IPO fundraising scale of Chinese enterprises was 561.173 billion yuan. Among them, fundraising in the third quarter was 280.505 billion yuan, up 84.20% quarter-on-quarter and up 252% year-on-year. 03 Number of Chinese Enterprise IPOs by Market Looking specifically at each market, in the first three quarters of 2026, the A-share market completed 127 IPO listings, an increase of 51 compared with the first three quarters of 2025; the Hong Kong stock market completed 114, an increase of 51; the overseas market completed 3, a decrease of 54. 04 Fundraising Amount of Chinese Enterprise IPOs by Market From the perspective of IPO fundraising, in the first three quarters of 2026, Chinese enterprises in the A-share market raised 223.859 billion yuan, accounting for 39.89%; Chinese enterprises in the Hong Kong stock market raised 336.896 billion yuan, accounting for 60.03%; Chinese enterprises in the overseas market raised 418 million yuan, accounting for 0.07%. The three types of markets totaled 561.173 billion yuan. 05 Fundraising Amount of Chinese Enterprise IPOs by Industry By industry (according to Wind Level 1 classification, the same below), in the first three quarters of 2026, the information technology industry had the highest fundraising scale, at 381.725 billion yuan, accounting for 68.02% of total fundraising; the industrials and materials industries raised 55.708 billion yuan and 27.926 billion yuan, respectively. In addition, the consumer staples, utilities, health care, and consumer discretionary industries raised 26.761 billion yuan, 24.570 billion yuan, 22.938 billion yuan, and 21.545 billion yuan, respectively. 06 Top 20 Chinese Enterprises by IPO Fundraising Amount From the perspective of fundraising by individual enterprises, the two companies with the largest fundraising scale in the first three quarters of 2026 were CXMT Corporation, listed on the Shanghai Stock Exchange, and Zhongji Innolight, listed on the Hong Kong Stock Exchange, raising 66.607 billion yuan and 53.174 billion yuan, respectively. Chinese Enterprise A-share Market IPOs 01 Number of Chinese Enterprise A-share IPOs In the first three quarters of 2026, a total of 127 companies completed IPO listings in the A-share market, an increase of 51 compared with the first three quarters of 2025, or 67.11%. Among them, the first, second, and third quarters had 35, 40, and 52 companies, respectively, with the third quarter up 86% year-on-year. 02 Fundraising Amount of Chinese Enterprise A-share IPOs In the first three quarters of 2026, Chinese enterprise A-share IPOs raised a total of 223.859 billion yuan. By quarter, the first, second, and third quarters raised approximately 29.8 billion yuan, 65.6 billion yuan, and 128.5 billion yuan, respectively; the third quarter was up 238% year-on-year and up 95.92% quarter-on-quarter. 03 Number of Chinese Enterprise A-share IPOs (by Exchange) By exchange, in the first three quarters of 2026, the Shenzhen Stock Exchange, Shanghai Stock Exchange, and Beijing Stock Exchange had 32, 30, and 65 companies complete IPO listings, respectively, totaling 127. 04 Fundraising Amount of Chinese Enterprise A-share IPOs (by Exchange) From the perspective of fundraising, in the first three quarters of 2026, companies listed on the Shanghai Stock Exchange raised a total of 119.676 billion yuan; companies listed on the Shenzhen Stock Exchange raised a total of 81.997 billion yuan; companies listed on the Beijing Stock Exchange raised a total of 22.186 billion yuan. The three major exchanges totaled 223.859 billion yuan. 05 Industry Distribution of Chinese Enterprise A-share IPOs In the first three quarters of 2026, among the 127 companies that issued A-share IPOs, the information technology industry had the largest number of companies, at 33; the materials, industrials, and consumer discretionary industries had 29, 27, and 24, respectively. In terms of fundraising, the information technology industry ranked first with 130.919 billion yuan; the utilities, industrials, and materials industries raised 24.500 billion yuan, 22.995 billion yuan, and 20.311 billion yuan, respectively. 06 Regional Distribution of Chinese Enterprise A-share IPOs In the first three quarters of 2026, among the 127 companies that issued A-share IPOs, companies from Jiangsu and Zhejiang each numbered 26, tying for first place; companies from Guangdong numbered 20. In terms of fundraising, companies from Anhui and Guangdong led in total fundraising, at 72.988 billion yuan and 57.541 billion yuan, respectively. Chinese Enterprise Hong Kong Stock Market IPOs 01 Number of Chinese Enterprise Hong Kong Stock IPOs In the first three quarters of 2026, Chinese enterprises completed 114 IPO listings in the Hong Kong stock market, an increase of 51 compared with the first three quarters of 2025, or 80.95%. Among them, the first, second, and third quarters had 40, 43, and 31, respectively, with the third quarter up 48% year-on-year. 02 Fundraising Amount of Chinese Enterprise Hong Kong Stock IPOs In the first three quarters of 2026, Chinese enterprise Hong Kong stock IPOs raised a total of 336.896 billion yuan. Among them, the first, second, and third quarters raised 98.537 billion yuan, 86.350 billion yuan, and 152.009 billion yuan, respectively; the third quarter was up 274% year-on-year and up 76% quarter-on-quarter. 03 Industry Distribution of Chinese Enterprise Hong Kong Stock IPOs In the first three quarters of 2026, among the 114 companies that issued Hong Kong stock IPOs, the information technology industry had the largest number of companies, at 59; the health care and industrials industries had 18 and 17, respectively. In terms of fundraising, the information technology industry ranked first with 250.806 billion yuan; the industrials and consumer staples industries raised 32.713 billion yuan and 26.122 billion yuan, respectively. 04 Regional Distribution of Chinese Enterprise Hong Kong Stock IPOs In the first three quarters of 2026, among companies listed in the Hong Kong stock market, companies from Guangdong totaled 31, the highest number; companies from Shanghai and Beijing numbered 19 and 14, respectively. In terms of fundraising, companies from Guangdong and Shandong led in total fundraising, at 120.090 billion yuan and 61.466 billion yuan, respectively. Chinese Enterprise Overseas Market IPOs 01 Number of Chinese Enterprise Overseas IPOs In the first three quarters of 2026, Chinese enterprises in the overseas market completed 3 IPO listings, a decrease of 54 compared with the first three quarters of 2025. Among them, 2 were completed in the first quarter, 1 in the second quarter, and no new listings in the third quarter, with the third quarter down 100% year-on-year. 02 Fundraising Amount of Chinese Enterprise Overseas IPOs In the first three quarters of 2026, Chinese enterprise IPOs in the overseas market raised a total of 418 million yuan. Among them, 70 million yuan was raised in the first quarter, 348 million yuan in the second quarter, and no new fundraising in the third quarter, with the third quarter down 100% year-on-year. 03 Industry Distribution of Chinese Enterprise Overseas IPOs In the first three quarters of 2026, among the 3 companies that issued overseas IPOs by Chinese enterprises, 2 were from the utilities industry and 1 was from the consumer discretionary industry. In terms of fundraising, the consumer discretionary and utilities industries raised 348 million yuan and 70 million yuan, respectively. 04 Regional Distribution of Chinese Enterprise Overseas IPOs According to the presentation scope of the regional distribution chart, in the first three quarters of 2026, among overseas-listed Chinese enterprises, 1 company each came from Zhejiang and Hong Kong; the two places raised 348 million yuan and 70 million yuan, respectively. Appendix: Details of Chinese Enterprise IPOs in the First Three Quarters of 2026 This article is reprinted from the "wind" official account; GMTEight editor: Chen Siyu.