Hong Kong Stock Market 2025 Year-End Review: Multiple Indicators Reach Record Highs

In 2025, it was a year when the Hong Kong stock market fully recovered. Looking back at the years from 2021 to 2024, the Hong Kong stock market can be described as having gone through a "cold winter", during which the Hang Seng Index fell by over 50%, and the continuous "killing valuation" trend spread pessimism in the market. After a period of consolidation in the second half of 2024, the "924" trend exploded in early 2025, and the sudden emergence of DeepSeek instantly activated the Hong Kong stock market, prompting the global reassessment of the value of Chinese technology assets. This industry boom sparked by technological breakthroughs quickly spread to all aspects of the capital market, laying a solid foundation for the comprehensive counterattack of the Hong Kong stock market. This round of counterattack not only promoted the revaluation of the Hong Kong stock market, but also set historical records in terms of IPOs, refinancing, secondary market, and mutual market connectivity in multiple dimensions.