Companies could raise between US$17 billion and US$20 billion this year, Paul Chan tells tech forum.
Hong Kong's Financial Secretary Paul Chan forecasts US$17-20 billion in IPOs this year, an increase of up to 80% compared to last year's US$11 billion, driven by optimism in the China tech sector and mainland support for listings in Hong Kong. This aligns with estimates from Deloitte and PwC. Chan highlighted Hong Kong's connectivity, adherence to common law, and international business standards as key factors. The city is also hosting major wealth and investment events.
