Paul She featured in RTHK3: Money Talk (August 2025)
Recently, our Head of capital markets, Paul She featured in Money Talk at RTHK3, provided an incredibly optimistic outlook on the resurgence of Hong Kong's IPO market. The momentum is strong, and it's being driven by powerful structural factors.
Key highlights:
- A+H Listings are King: The market is being driven by large dual listings, with mainland policy encouraging companies to choose HK over the US.
- Innovative Regulatory Reforms: New listing chapters (18A, 18C) and confidential filing rules are making HK more attractive for high-growth tech and biotech firms.
- Strong Investor Returns: IPOs in H1 2025 have seen average gains of ~30%, fueling continued strong appetite for new listings.
- Capital Inflows: The Wealth Management Connect 3.0 scheme is channeling significant mainland capital into HK, seeking higher yields and diverse products.
With over 200 companies in the pipeline, strong government support, and robust investor demand, the trend is viewed as "stable and very sustainable" for the foreseeable future. Hong Kong is firmly re-establishing itself as a premier capital market for Chinese companies.
“In Hong Kong, we are matching project with money. We as a market intermediate. I think it's quite, for me, it's quite optimistic on that.” Paul said.
Credit to: Your Money, Money Talk, RTHK3, 15 August 2025
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