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Hong Kong Exchange · IPO · Listing Boom · Revenue Record
Hong Kong Exchanges and Clearing (HKEX) has reported its best-ever half-year revenue, reaching HK$14.1 billion ($1.8 billion), a 33 percent increase year-on-year.
This surge is attributed to a significant rise in initial public offerings (IPOs) and trading activity, with 44 new listings in the first half of 2025 raising HK$109.4 billion, a 716 percent increase. The exchange is also processing over 200 listing applications, indicating continued momentum.
Analysts anticipate Hong Kong reclaiming its position as a leading IPO venue, driven by Chinese companies seeking to list amid geopolitical tensions and supportive policies. Major listings from companies like CATL and Jiangsu Hengrui have contributed to the buzz.
HKEX has also eased some IPO rules to attract more overseas capital. The exchange's shares have seen a nearly 50 percent increase this year.
