With the gradual recovery of the global economy and the promotion of various favorable policies, IPO activities in the Hong Kong market showed a strong recovery trend in the first half of the year, with a total of 30 companies successfully listed, injecting new vitality and funds into the market. This data not only reflects the recovery of investor confidence but also demonstrates the unique charm and attractiveness of Hong Kong as an international financial center.

According to statistics, the 30 new IPO companies in the Hong Kong market in the first half of this year were all listed through IPOs, raising a total of HK$13.178 billion (about US$1.693 billion). Although the total fundraising amount decreased by 26.19% compared to the same period last year, the active level of new share subscriptions has increased significantly, with an average oversubscription ratio of nearly 150 times, a significant increase compared to the same period last year.

From an industry perspective, IPO companies in the first half of this year covered multiple popular fields, with the TMT industry performing particularly impressively, with 11 companies successfully listed, accounting for 36.7%, a significant increase compared to the same period last year. In addition, the healthcare, consumer, and real estate construction industries also performed well, with 5, 7, and 4 companies listed respectively.

It is worth mentioning that emerging industries such as technology, biomedicine, new energy, and environmental protection have performed impressively, accounting for a large proportion of IPO numbers and fundraising scales, reflecting the market's strong interest in high-growth industries.

In terms of fundraising, Chabaidao ranked first with a fundraising amount of HK$2.586 billion, becoming the largest new share in the first half of the year. In addition, companies such as SUTENG JUCHUANG, QuantumPharm Jingtai Technology-P, and Laopu Gold have also obtained relatively high fundraising amounts. In terms of oversubscription, Youbo Holdings listed on GEM achieved an oversubscription ratio of over 2,500 times, demonstrating the market's enthusiasm for high-quality new shares.

In terms of sponsor institutions, CICC Hong Kong topped the list with 10 IPOs and a market share of 23.81%, maintaining its market leadership position. CITIC Securities International followed closely with 4 IPOs and a market share of 9.52%. In terms of audit institutions, the four major international accounting firms continued to maintain a high concentration, with Ernst & Young and KPMG sharing the top spot with 8 IPOs and a market share of 25% each.

123 Companies Applied for Hearings This Year

With the recovery of the global economy and the in-depth implementation of a series of reform measures in the Hong Kong capital market, the number of companies submitting IPO applications to the Hong Kong Stock Exchange (HKEx) and entering the hearing stage has increased significantly this year, reaching 123.

According to the latest data from the HKEx, as of the date of this news release, more than 123 companies have successfully submitted IPO applications and smoothly entered the hearing stage this year. These companies come from various industries, covering technology, healthcare, consumption, real estate, and other popular fields, fully demonstrating the market's diversified financing needs and investors' broad interest in different industries.

Entering the hearing stage is an important part of the listing process, indicating that the company has passed the initial review of the HKEx and is only one step away from formal listing. With the surge in IPO applications this year, market activity has significantly increased, providing investors with more investment options and providing companies with more convenient and efficient financing channels.

In recent years, the HKEx has made many efforts to enhance market transparency and regulatory efficiency, including the introduction of Chapter 18C targeting new special technology enterprises, optimizing the listing process, and shortening the listing time. These measures have greatly enhanced market confidence and attracted more high-quality companies to list. At the same time, the recovery of the global economy and the rebound of investor confidence have also injected new vitality into the market.

From an industry perspective, the technology industry remains a hotspot in the IPO market, with multiple technology innovation companies successfully entering the hearing stage based on their unique business models and strong technological strengths. In addition, the healthcare, consumption, and real estate industries have also performed well, with multiple companies gaining widespread market recognition based on their industry status and growth potential.

With the continued recovery of the global economy and the in-depth promotion of reforms in the Hong Kong capital market, the IPO market of the HKEx is expected to maintain a strong growth momentum. The addition of more high-quality companies will further enrich market investment products, enhance market activity, and create more value for investors and companies. At the same time, the HKEx will continue to strengthen regulatory efforts to ensure the healthy and stable development of the market.

The number of companies submitting IPO applications to the HKEx and entering the hearing stage reached 123 this year, which is not only a strong testament to the vitality of the Hong Kong capital market but also a beautiful expectation for future market development.

22 Companies Delisted in the First Half

In the first half of the year, the Hong Kong stock market underwent a significant "renewal" process, with a total of 22 listed companies delisted from the HKEx, demonstrating that the market's survival of the fittest mechanism is accelerating. This change not only reflects the self-purification ability of the Hong Kong stock market but also lays a solid foundation for the healthy development of the market in the future.

According to the latest announcement of the HKEx, the 22 companies delisted in the first half include multiple types of delistings. Among them, 7 companies chose to delist through privatization, usually because major shareholders believe that the company's share price is severely undervalued or to conduct internal restructuring for future relisting.

In addition, 13 companies were delisted by the HKEx for failing to meet the listing rules, such as prolonged trading suspensions or substandard financial performance. Furthermore, 2 companies voluntarily withdrew their listing status, mainly based on the company's own strategic adjustments and business development considerations.

The wave of delistings in the Hong Kong stock market in the first half reflects the market's self-purification ability, helping to improve the overall quality and transparency of the market. Companies with poor performance, poor governance, or significant issues are eliminated by the market, making room for more high-quality companies to list.

On the other hand, the wave of delistings also reminds investors to be more cautious in the investment process, paying attention to the company's fundamentals and potential risks to avoid blindly following the trend.

From the perspective of delisting reasons, most companies that were delisted due to failure to meet listing requirements had issues such as small market capitalization, poor performance, difficulties in producing annual reports, and long-term trading suspensions. These issues not only affected the company's market image and financing ability but also harmed investors' interests.

Privatization delistings are more based on the company's own strategic and valuation considerations, with major shareholders hoping to integrate company resources, improve governance levels, or achieve other strategic goals through privatization.

With the in-depth promotion of reforms and the strengthening of regulatory efforts in the Hong Kong stock market, the market's survival of the fittest mechanism is expected to further demonstrate its effectiveness. On the one hand, the HKEx will continue to optimize listing rules and delisting systems to enhance market transparency and regulatory efficiency. On the other hand, investors will also take a more rational view of market fluctuations and delistings, paying more attention to the company's fundamentals and long-term value.

The number of companies delisted from the Hong Kong stock market reached 22 in the first half, which, although eye-catching, also demonstrates that the market's survival of the fittest mechanism is accelerating.

The Information Technology Industry Leads the Hong Kong Stock Market

Among the many industries in the Hong Kong stock market, the information technology industry has continuously led the market, becoming the industry with the largest total market capitalization, thanks to its strong growth momentum and extensive market influence.

According to the latest statistical data, the total market capitalization of the information technology industry in the Hong Kong stock market continues to rise, firmly occupying the top spot in the industry. This industry covers many leading internet and technology companies, such as Tencent, Alibaba, Meituan, JD.com, etc. The excellent performance of these companies has not only driven the rapid growth of their own market capitalization but also promoted the prosperity and development of the entire industry.

The information technology industry has become the focus of market attention due to its high proportion and high trading volume in the Hong Kong stock market.

The rapid development of the information technology industry benefits from its strong innovation ability and keen market insight. These companies continuously invest in research and development, launch new products and technologies to meet market demands, and promote industrial upgrading.

At the same time, with the widespread application of cutting-edge technologies such as artificial intelligence, big data, and cloud computing, the information technology industry is changing people's lifestyles and work patterns at an unprecedented speed, injecting new vitality into global economic growth.

The high market capitalization and trading volume of the information technology industry in the Hong Kong stock market reflect investors' high attention and enthusiasm for this industry. With the recovery of the global economy and the rebound of investor confidence, more and more investors are beginning to turn their attention to the technology industry, seeking investment opportunities with high growth potential and high returns.

This trend has not only driven the continuous rise of technology stocks in the Hong Kong stock market but also provided strong support for the prosperity and development of the entire market.

With the continuous development and innovation of the global technology industry, the information technology industry in the Hong Kong stock market is expected to maintain its leading position and lead the market towards a new chapter. We look forward to seeing more high-quality technology companies listed and raise funds in Hong Kong, injecting new vitality and momentum into the market.

As the industry with the largest total market capitalization in the Hong Kong stock market, the information technology industry's strong development momentum and extensive market influence not only demonstrate Hong Kong's unique position as an international financial center and a highland for technological innovation but also provide global investors with rich investment opportunities and broad development space.