Hong Kong ranks global first in 2025 IPO market financing

Hong Kong ranked as the world's top IPO venue in 2025, with record-setting average daily trading volumes and fundraising levels rising sharply from a year earlier, the Hong Kong Exchanges and Clearing Limited (HKEX) announced on Monday.

As of Dec 19, HKEX IPOs raised a total of 274.6 billion Hong Kong dollars (about 35.29 billion U.S. dollars) from 106 new listings, with four companies in the world's top 10 IPOs of 2025. Companies listed on HKEX raised 66 billion U.S. dollars in follow-on offerings, highlighting the vibrancy and depth of Hong Kong's capital markets, the HKEX said.

Data show that for the cash market, average daily turnover in the first 11 months of 2025 reached 230.7 billion Hong Kong dollars, an increase of 43 percent year on year.

Global capital flowed back to Hong Kong in 2025, driven by the "DeepSeek moment," innovative technology initiatives and sweeping market reforms. Since the implementation of Chapter 18A and 18C of the Exchange's Listing Rules, 88 biotech and specialist technology companies have listed on HKEX, reflecting robust investor interest in cutting-edge sectors, the HKEX said.

The National Assembly (NA) of Vietnam on Tuesday morning confirmed To Lam, general secretary of the Communist Party of Vietnam Central Committee (CPVCC), as state president for the 2026-2031 tenure.

All 495 deputies present voted in favor of the draft resolution on the election of Lam, who served as the state president of Vietnam from May to October 2024.

Lam was elected general secretary of the 13th CPVCC in August 2024 and was re-elected to the position for the 2026-2031 tenure at the first meeting of the 14th CPVCC on Jan 23, 2026.

In his speech, Lam stressed the need to develop a highly skilled workforce to meet development requirements in the new period, improve institutions and governance toward a modern, inclusive and sustainable society, and bring the country in step with global political, economic and civilizational trends.