Hong Kong's stock market sees surge in listings from mainland

China

Hong Kong's stock market sees surge in listings from mainland

2025-06-08 14:54 Last Updated At：19:27

The stock market of the Hong Kong Special Administrative Region is seeing a surge in listings from the mainland since the beginning of this year, demonstrating growing confidence among businesses in Hong Kong as a key capital-raising hub.

In May alone, four A-share companies successfully debuted on the Hong Kong Exchanges and Clearing Limited (HKEX).

According to China International Capital Corporation Limited (CICC), as of the end of May this year, the HKEX had received 28 companies from the mainland to list. In May alone, the total funds raised from new stock offerings in the Hong Kong market reached 56.1 billion HK dollars (about 7.15 billion U.S. dollars), the highest monthly total since March 2021.

"As of June 2, 2025, the total amount raised from initial public offerings this year had surpassed 77.6 billion HK dollars (about 9.89 billion U.S. dollars), nearing 90 percent of the total raised in the whole year of 2024," said Liu Gang, chief strategist at CICC.

As of now, a total of 165 companies from the mainland are in line to list on the HKEX, marking a significant increase from nearly 80 companies in mid-January.

Among these companies are A-share firms seeking a secondary listing at the HKEX, as well as leading A-share companies spinning off subsidiaries to list in Hong Kong. The most anticipated of these firms are unicorn companies and unlisted emerging tech companies, which cover various sectors including consumer goods, renewable energy, biomedicine, and autonomous driving.

"Many companies, including emerging players in artificial intelligence, are working hard for listing on the HKEX. Enterprises from the mainland are demonstrating strong vitality in technological innovation, with new companies emerging in various fields at different stages. This has created a continuous reserve of potential listings," said Bai Ren, executive director of the Bank of China International Holdings (BOCI) Securities Limited.

Milano-Cortina Paralympics reveal opening, closing themes as Games draw near

The organizing committee of the Milano-Cortina 2026 Paralympic Winter Games has unveiled the titles, creative visions, and first talents of the opening and closing ceremonies, as Thursday marked 50 days before the event officially gets underway.

Scheduled from March 6 to 15 across multiple Italian cities, the Games will bring together 665 athletes from 50 countries and regions to compete for 79 gold medals across six sporting disciplines.

The opening ceremony, titled "Life in Motion," will be staged at the historic Arena di Verona, a UNESCO World Heritage Site, presenting a tribute to change and transformation that seeks to redefine disability through a new harmony between people and the environment.

"I paid close attention to the opening ceremony of the Beijing Winter Olympics, which I consider one of the three or four most beautiful in the history of Olympic ceremonies. This time at the ancient Arena di Verona, we will place greater emphasis on showcasing the human element," the ceremonies' artistic director Alfredo Accatino told a Chinese reporter at the event.

The closing ceremony, themed "Italian Souvenir," will be held on March 15 at the Cortina Curling Olympic Stadium, guiding athletes, volunteers, and fans through a journey that captures the emotions and memories of the Games after days of competition and achievement.

Craig Spence, the International Paralympic Committee's Chief Brand and Communications Officer, believes that Italy will deliver "the best Paralympic Games" following the benchmark set by the Beijing Winter Paralympics in 2022.

"I think what China did in Beijing has really set the benchmark for all future teams competing in the Paralympic Winter Games in terms of performance. That's why I think Milano-Cortina will be the best Paralympic Games we've ever seen for sports," he said.