In the first quarter, Hong Kong stock IPO fundraising reached a nearly five-year high, with "A + H" companies as the core force.

In the first quarter, the Hong Kong IPO market delivered an impressive performance with a total fundraising of "over 100 billion Hong Kong dollars", a quarterly high since the second quarter of 2021. Data from Wind shows that as of March 31, there were a total of 40 companies that completed their IPO in the Hong Kong market, a year-on-year increase of 150%; the total fundraising amount was close to 110 billion Hong Kong dollars, a year-on-year surge of 489%. These numbers demonstrate the attractiveness and fundraising capability of the Hong Kong market. "A+H" companies have become the core force in fundraising in the first quarter. Among the 40 new listed companies in the Hong Kong stock market, 15 are "A+H" companies listed in both mainland China and Hong Kong. Among them, 7 of the top 10 companies in terms of fundraising have already been listed on the A-share market, with a combined fundraising amount exceeding 52 billion Hong Kong dollars. This accounts for almost half of the total fundraising amount in the first quarter of Hong Kong IPOs, highlighting the strategic importance of the Hong Kong market as a key hub for the global capital layout of mainland Chinese companies.