Hong Kong's financial hub celebrated a landmark rebound in 2025 as its stock market recorded the strongest IPO performance since 2019. With over HK$280 billion (US$36 billion) raised through initial public offerings – a 224% year-on-year increase – the region regained its position as the world's top destination for new listings.
The resurgence saw 110 companies debut on Hong Kong's exchange last year, up more than 60% from 2024 levels. Market confidence was further buoyed by the Hang Seng Index's 27.77% annual gain, its best showing in eight years, while the Hang Seng TECH Index rose 23.45% amid renewed investor appetite for innovation-driven sectors.
Analysts attribute the recovery to streamlined listing rules and increased participation from mainland Chinese and overseas investors. The momentum positions Hong Kong as a critical bridge for capital flows between Asian markets and global financial centers as economic activity accelerates across the region.
