Chen Yiting: The number of companies waiting to go public in Hong Kong has surpassed 350.

HKEX Chief Executive Officer Charles Li during an interview at the World Economic Forum in Davos, Switzerland, stated that the number of companies waiting in line for an IPO in Hong Kong has exceeded 350, including those that have submitted their listing applications confidentially. Li said that after reclaiming the global IPO volume top spot last year, Hong Kong has already raised approximately $4 billion in the first three weeks of this year. By 2025, the Hong Kong IPO market is expected to reclaim the top spot globally, with 117 companies raising a total of over HK$280 billion, representing a 224% year-on-year increase. Many institutions predict that A-share companies will continue to list in Hong Kong, making it the main trend in the Hong Kong stock market in 2026. Wang Yajun, Managing Director of Stock Capital Markets at Goldman Sachs Asia (excluding Japan), believes that in 2026, more companies in the AI and related industries will be listed in Hong Kong, including in areas such as telecommunications, data centers, and semiconductors.