Financial Secretary Paul Chan says city remains top IPO hub, citing strong demand among ‘high-quality’ companies and robust market momentum
Hong Kong’s initial public offering (IPO) market has raised more than HK$140 billion (US$17.9 billion) as of April, maintaining its global lead, the city’s finance chief has said, while indicating a renewed push to develop gold trading amid rising demand for risk diversification.
Financial Secretary Paul Chan Mo-po said on Sunday that Hong Kong remained the world’s top IPO fundraising hub as of last week, citing a growing number of high-quality companies using the city’s strong financing platform to drive global expansion.
“The developments prove that despite external volatility, with the tireless efforts of the government and the industry, the momentum of Hong Kong’s financial market is unstoppable,” Chan said.
He added that the average daily turnover on the Hong Kong stock exchange had exceeded HK$280 billion since March, up slightly from HK$276.7 billion in the first quarter.
According to LSEG Data and Analytics, a total of 37 companies raised about US$13.26 billion on the exchange’s main board in the first quarter – a 453 per cent increase from the same period in 2025.
Chinese companies dominated the city’s IPO market in the first quarter, accounting for 99 per cent of the total proceeds. Technology firms also fuelled the strong performance, capturing nearly half of the total IPOs and secondary listings.