Investors` and businesses` enthusiasm for Hong Kong`s equity capital markets is roaring back as Chinese companies flocked to the city for fundraising, sparking a frenzy in the market. Outsized deals and a state-backed push for companies listed in the mainland exchanges to seek a listing in Hong Kong have thrust capital-raising volume to the strongest first half-year since 2021, according to data from data provider Dealogic. New listing volumes on the Hong Kong Stock Exchange jumped around eight times to $14bn in the first half of this year, from just $1.8bn in the same period in 2024, according to Dealogic.

That puts the city on track to become the world`s largest listing destination this year, surpassing the Nasdaq and the New York Stock Exchange. PwC projected up to 100 IPOs in Hong Kong this year, with total fundraising to exceed $25.5bn.

(Adapted from `Hong Kong`s IPO Market is On Fire Here`s What`s Fueling The Surge,` by Anniek Bao, published on July 2, 2025, by CNBC)