9 h. ago HKEX vets 300 listing applications after city ascends as world’s top IPO market

Bourse operator Hong Kong Exchanges and Clearing (HKEX), which topped this year’s global rankings as the largest initial public offering (IPO) market, said the city continued to see strong momentum, as it vets hundreds of new listing applications. Bonnie Chan Yiting, CEO of HKEX, on Wednesday said at an event in Shanghai that Hong Kong has more than 300 companies in the listing pipeline, which would ensure another strong quarter for fundraising in the city. “International investors have been...

Economics

3 d. ago Can Hong Kong’s southbound travel policy for motorists be a tourism driver?

Shenzhen resident Angela Lyu was excited about the recent news that Guangdong motorists will be able to drive and stay in Hong Kong for three days under a cross-border travel scheme, but balked at the prospect of high parking fees and a required detour. The “Southbound Travel for Guangdong Vehicles” scheme is due to open for applications in November, and successful applicants will be able to drive into the city by the end of the year. In a post on mainland Chinese social media platform RedNote,...

Transport

1 week ago China’s CXMT edges closer to mainland IPO amid AI memory chip supply crunch

ChangXin Memory Technologies (CXMT), China’s top DRAM chipmaker, is taking a step closer to a mega initial public offering (IPO) on the mainland, as the high-end memory chip market experiences supply shortages amid the global artificial intelligence frenzy. CXMT had “resolved issues” related to the election of employee representative directors and the identification of state-owned shareholders, according to a statement on the website of the China Securities Regulatory Commission (CSRC). The...

Politics

2 w. ago Hong Kong shelves HK$700 million infrastructure gallery proposal after backlash

Hong Kong authorities have shelved a controversial proposal to build a costly exhibition hall at a prime site to showcase major development projects, including the Northern Metropolis. The construction of the HK$700 million (US$90 million) gallery on the Wan Chai North waterfront was first announced in the 2023 policy address. The budget was included in the government’s planned HK$30 billion financial application for the first-stage development of the city’s innovation hub, known as the San Tin...

Economics

3 w. ago Hong Kong’s huge year of IPOs continues, with annual crown likely

Funds raised from new share sales in Hong Kong jumped 221 per cent in the first nine months of 2025, strengthening the local stock exchange’s grip on the top spot in the global rankings, while analysts predicted that the initial public offering (IPO) market would continue to pop well into next year. A total of 66 companies raised US$23.27 billion on the main board of the Hong Kong stock exchange during the first nine months, according to data released on Tuesday by the London Stock Exchange...

Politics

4 w. ago Hong Kong’s office market picks up amid IPO boom, demand from Chinese law firms

Hong Kong’s office segment is picking up due to leasing demand from mainland Chinese law firms and financial groups, supported by a buoyant stock market that has seen an increasing number of companies launch initial public offerings (IPOs) in the city. Office-leasing activity in August grew for a fifth straight month, with tenants absorbing 313,800 sq ft of net space, according to data compiled by JLL. The overall vacancy rate in the city increased 0.1 per cent to 13.5 per cent month on month in...

Economics