CaiLian Press on November 6 (reported by Gao Yanyun): Since 2025, the Hong Kong IPO market has remained active with significant increases in both fund-raising scale and the number of new shares listed.

Data shows that as of October 31st, a total of 78 new stocks have landed on the Hong Kong stock market this year, a year-on-year increase of 47.2%; with a total fundraising of 210.628 billion Hong Kong dollars, a year-on-year increase of 200.7%. Amon

The continuous reform of Hong Kong's capital market has provided a more convenient environment for enterprises to go public. Against this backdrop, securities traders have accelerated their layout in the Hong Kong market, seizing the opportunity thro

China's top four banks are China Gold, CITIC Bank, Huatai Securities and China Merchants Bank.

Statistics show that the top four securities firms that are among the sponsors of Hong Kong stocks IPO are CICC (27), CITIC Securities (23), Huatai International (15), and China Merchants International (12), with sponsor participation rates of 33.75%

Other top-ranked institutions include Morgan Stanley (9), Goldman Sachs (6), and CIB (5). Morgan Stanley's recommendation participation rate is also over 10%, reaching 11.25%, while the others are below this significant proportion of "10%.

In addition, Haitong International, China Securities Construction, Credit Suisse and Guotai Junan are the top four IPO sponsors. If combined, Guotai Junan and Haitong International have a total of eight, ranking sixth.

There are nine listed brokerages recommended, with a particular focus on Shenhua Hongyuan (2 brokerages) and GF Securities Hong Kong (2 brokerages).

There are 18 securities traders participating in only one Hong Kong stock market, accounting for 31% of the total 58 securities traders. A total of 38 securities traders have IPO projects, accounting for 65.52%. The other 20 securities traders did no

It is noteworthy that there is currently an adequate pipeline of IPO projects in Hong Kong. As of the end of October, the Hong Kong Stock Exchange has received IPO applications from 462 companies (including main board and GEM growth board), with 317

87 Enterprises Listed on A-share

During the same period, the A-share IPO market also maintained a trend of recovery, but the strength had not yet reached its peak.

As of the end of October, 87 new stocks have been listed this year, with a total fundraising amount of 90.172 billion yuan, representing increases of 8.75% and 70.66% respectively compared to the same period last year.

In terms of acceptance, 195 IPO companies have been accepted this year, which is a year-on-year increase of 457.14%. In terms of termination, the review of 90 IPOs has been terminated this year, which is a year-on-year decrease of 76.86%. In terms of

Top 5 securities firms in terms of the number of A-share IPO sponsorships in the first 10 months are Guotai Junan Securities (11), CITIC Securities (10), Huatai Securities (8), China Securities Finance Corporation (7), and China Merchants Securities

Seller: International Business to Build the Second Growth Curve

At the policy level, the listing system of Hong Kong stocks continues to be optimized, which has become an important factor for enterprises to choose to go to Hong Kong.

On November 4th, at the 2025 International Financial Leaders Investment Summit, Hong Kong Chief Executive Li Jiachao stated that the average daily trading volume of Hong Kong's stock market has exceeded $32 billion this year, which is double that of

In addition, in order to seize the IPO wave in Hong Kong stock market, Chinese securities firms are accelerating their layout in the Hong Kong market, including strengthening their business capabilities in Hong Kong by increasing capital and expandin

On November 30th, Dongxing Securities announced that the company had recently completed an increase of 300 million Hong Kong dollars in capital to Dongxing Hong Kong, increasing its paid-up capital from 1.5 billion Hong Kong dollars to 1.8 billion Ho

On October 3rd, Guomin Lianmin officially announced that its Hong Kong subsidiary has obtained a trading license issued by the Securities and Futures Commission of Hong Kong.

Dongbei Securities also revealed that it is steadily promoting the preparation work of its Hong Kong subsidiary to accelerate the pace of international business operation.

In September, after obtaining the Hong Kong Securities and Futures Commission's Type 6 license (corporate financing advice), Hua'an Securities Hong Kong subsidiary became officially qualified for IPO sponsorship, providing corporate financing consult

In August, First Capital disclosed plans to invest up to HK$5 billion to establish a Hong Kong holding platform and a licensed subsidiary company.

In June, West Money announced its plan to invest 1 billion yuan to set up a wholly-owned subsidiary in Hong Kong to serve the cross-border investment and financing needs of the real economy.

In April, Hua'an Securities increased its capital contribution to its Hong Kong subsidiary, Hua'an Financial Holdings, by HK$500 million, while Dongwu Securities planned to increase its capital contribution to its Hong Kong subsidiary by up to HK$2 b

At the beginning of the year, GF Securities injected 2.137 billion Hong Kong dollars into its Hong Kong holding company.

China International Capital Corporation's research report indicates that international business may become the second growth curve for securities firms. International business could emerge as an important growth driver for securities firms' performan