Hong Kong Exchange: In the past two months, a total of 12 AI-related companies have been listed in Hong Kong, with about 20 more in the queue.

Artificial intelligence has become one of the themes of the Hong Kong new stock market this year. Xu Jingwei, the head of HKEX's Global Listings Services Department, wrote that new companies in various fields of the AI value chain have successively listed in Hong Kong, including AI applications and AI infrastructure. In December last year and January this year, a total of 12 related companies were listed in Hong Kong, raising a total of over $4.9 billion (approximately HK$382.2 billion) and developing a more mature ecosystem in the Hong Kong market. He believes that the recent AI stock listing boom has just begun, as market conditions will become more mature. With more AI companies listing in Hong Kong, international investors can directly invest in leading companies in the Chinese AI value chain, no longer restricted to investing in "concept stocks." He revealed that among the cases currently submitted for listing, there are about 20 companies in various fields of the AI value chain, most of which belong to the platform sector, such as enterprise AI, marketing AI, data and business intelligence solutions, and other software-centric applications. As for other sectors, Xu Jingwei noted that robotics, spatial and temporal intelligence, and intelligent security are also focused on industrial AI innovation technologies, albeit on a smaller scale. Among them are innovative groups specialized in developing computational models that deeply integrate AI algorithms with chips or infrastructure. AI companies BIREN TECH (06082), KNOWLEDGE ATLAS (02513), ILUVATAR COREX (09903), and MINIMAX-WP (00100) were listed last month, raising a total of $2.5 billion. Xu Jingwei pointed out that long-term funds are not only from Chinese investors but also from institutions in the UAE, Singapore, South Korea, Switzerland, and the US, indicating that leading AI companies in China are highly favored by international capital. In addition, the cornerstone investors of these four new stocks subscribed for approximately $1.3 billion, with an average cornerstone subscription rate reaching 58% of the total offering size, showcasing Hong Kong's ability to attract diverse capital for cutting-edge technology as a "super connector." He believes that Hong Kong's listing system is extremely attractive, with a variety of asset products and the advantage of connecting international and mainland Chinese capital markets, leading more and more technology companies to choose to list in Hong Kong. Industries such as biotechnology, new energy, autonomous driving cars, and robotics are also forming a healthy ecosystem, consolidating Hong Kong's position as a leading global center for raising funds for innovative companies. As of January 23, the total amount of funds raised by new stocks in Hong Kong has reached $3.7 billion, a year-on-year increase of 3.6 times. The HKEX is currently processing over 350 listing applications.