Hong Kong solidified its status as a financial powerhouse by reclaiming the world's top IPO market position in 2025, according to a recent white paper. Chinese battery leader CATL and mining conglomerate Zijin spearheaded the resurgence through landmark dual A-plus-H share listings, with nearly half of all capital raised through this cross-market mechanism.
Dr. Xiao Geng of the Chinese University of Hong Kong, Shenzhen, notes the shift reflects China's strategic pivot toward high-tech industries. "Hong Kong's enhanced global appeal comes as investors reassess Chinese innovation assets," he observed. The development positions Hong Kong as a critical bridge connecting mainland technological advancement with international capital flows as of February 2026.
