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

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.

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

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

The death toll from a landfill collapse in the central Philippine city of Cebu has risen to eight by Monday morning as search and rescue operations continued for another 28 missing people.

The landfill collapse occurred on Thursday as dozens of sanitation workers were working at the site. The disaster has already caused injuries of 18 people.

Family members of the missing people said the rescue progress is slow, and the hope for the survival of their loved ones is fading.

"For me, maybe I’ve accepted the worst result already because the garbage is poisonous and yesterday, it was raining very hard the whole day. Maybe they’ve been poisoned. For us, alive or dead, I hope we can get their bodies out of the garbage rubble," said Maria Kareen Rubin, a family member of a victim.

Families have set up camps on high ground near the landfill, awaiting news of their relatives. Some people at the site said cries for help could still be heard hours after the landfill collapsed, but these voices gradually faded away.

Bienvenido Ranido, who lost his wife in the disaster, said he can't believe all that happened.

"After they gave my wife oxygen, my kids and I were expecting that she would be saved that night because she was still alive. But the night came and till the next morning, they didn't manage to save her," he said.

Death toll in central Philippine landfill collapse rises to eight