Hong Kong's IPO boom a sign overseas investment push is working, Paul Chan says
Financial Secretary
Paul Chan Mo-po said on Sunday that the achievements of the first six months showed that the government's promotion efforts in recent years were starting to pay off.
Noting the increasing interest in locally listed technology stocks, Chan also vowed to further strengthen overseas publicity to help investors better understand Hong Kong's advantages and development opportunities.
'The stock market posted a 18 per cent gain last year. And the momentum continued to improve as we entered 2025,' he wrote in his weekly blog post.
'The market is generally optimistic about the performance of the Hong Kong stock and IPO [initial public offering] markets in the second half of the year.'
He said the latest data showed that HK$107 billion (US$13.6 billion) had been raised through Hong Kong's 42 IPOs in the first six months of the year, putting the city's exchange in first place for funds raised globally. The amount raised so far this year was also 22 per cent higher than the whole of 2024.
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