Hong Kong IPO "Sponsor" Rankings: CICC, CITIC, and Huatai Sweep Top Three, Guotai Haitong Sits at Fourth Eyeing Third

Title context: Hong Kong IPO "Sponsor" Rankings: CICC, CITIC, and Huatai Sweep Top Three, Guotai Haitong Sits at Fourth Eyeing Third Text: To more accurately reflect the real-time performance of Hong Kong intermediaries and make the statistics more meaningful, RyanBen updates the rolling ranking data for "past 24 months," "past 12 months," and "year to date" every month. According to the statistics, in the past 24 months (November 2024 to October 2026), there were 257 new listings in Hong Kong; in the past 12 months (November 2025 to October 2026), there were 159 new listings in Hong Kong; in the past 6 months (January 2026 to October 2026), there were 121 new listings in Hong Kong. According to the statistics, in the past 24 months, a total of 50 securities firms participated in sponsorship work as listing sponsors or joint sponsors. Among these 50 securities firms, 32 were Chinese-funded securities firms (accounting for 64.0%), 11 were foreign-funded securities firms (accounting for 22.0%), and 7 were Hong Kong-funded securities firms (accounting for 14.0%). I. Data for the past 24 months (November 2024 to October 2026) According to the statistics, in the past 24 months, a total of 50 securities firms participated in the sponsorship work for 253 new listed companies (excluding those transferred from GEM to the Main Board by simplified means or listed via SPAC reverse takeover). In terms of the number of newly listed projects sponsored in the past 24 months, the top ten sponsor securities firms were: CICC, ranking first with 82, with a sponsorship participation rate of 32.4%; CITIC SEC, ranking second with 69, with a sponsorship participation rate of 27.3%; Huatai International, ranking third with 43, with a sponsorship participation rate of 17.0%; Guotai Junan and Morgan Stanley, each tied for fourth with 19, with a sponsorship participation rate of 7.5%; HAITONG INT'L and CMBI, each ranking sixth with 18, with a sponsorship participation rate of 7.1%; China Securities Co.,Ltd. International and Goldman Sachs, each tied for eighth with 16, with a sponsorship participation rate of 6.3%; CCB International, ranking tenth with 15, with a sponsorship participation rate of 5.9%. Among them, those that sponsored more than 10 companies or had a sponsorship participation rate exceeding 5% also included UBS (14), CMSC International (10), GF SEC (10), ABC International (10), and JPMorgan (10). If Guotai Junan and HAITONG INT'L were calculated on a combined basis, Guotai Haitong would rank fourth with a total of 37, with a sponsorship participation rate of approximately 14.6%. Among them, there were 14 securities firms that participated in only one listing, accounting for 28.0% of all securities firms (50). II. Data for the past 12 months (November 2025 to October 2026) Based on the data for the past 12 months, 44 of these 50 securities firms participated in the sponsorship work for 156 new listed companies (excluding those transferred from GEM to the Main Board by simplified means or listed via SPAC reverse takeover). The top ten sponsors for the past 12 months were: CICC, ranking first with 51, with a sponsorship participation rate of 32.7%; CITIC SEC, ranking second with 42, with a sponsorship participation rate of 26.9%; Huatai International, ranking third with 23, with a sponsorship participation rate of 14.7%; Guotai Junan, ranking fourth with 14, with a sponsorship participation rate of 9.0%; HAITONG INT'L, ranking fifth with 13, with a sponsorship participation rate of 8.3%; China Securities Co.,Ltd. International, ranking sixth with 12, with a sponsorship participation rate of 7.7%; Morgan Stanley, ranking seventh with 10, with a sponsorship participation rate of 6.4%; Goldman Sachs, ranking eighth with 9, with a sponsorship participation rate of 5.8%; CCB International, UBS, and CMSC International, each tied for ninth with 8, with a sponsorship participation rate of 5.1%; Among them, those that sponsored more than 5 companies or had a sponsorship participation rate exceeding 5% also included GF SEC (7), ABC International (6), JPMorgan (6), Citi (6), Deutsche Bank (6), Bank of America (5), and BOC International (5). Guotai Haitong would rank third with a total of 27, with a sponsorship participation rate of approximately 17.3%. Among them, there were 11 securities firms that participated in only one listing, accounting for 22.0% of all securities firms (50). III. Data for the first ten months of this year (January 2026 to October 2026) Based on the year-to-date data (the first ten months of this year), 39 of these 50 securities firms participated in the sponsorship work for 119 new listed companies (excluding those transferred from GEM to the Main Board by simplified means or listed via SPAC reverse takeover). The top ten sponsors for the first ten months of this year were: CICC, ranking first with 36, with a sponsorship participation rate of 30.3%; CITIC SEC, ranking second with 32, with a sponsorship participation rate of 26.9%; Huatai International, ranking third with 16, with a sponsorship participation rate of 13.4%; Guotai Junan and HAITONG INT'L, each tied for fourth with 11, with a sponsorship participation rate of 9.2%; China Securities Co.,Ltd. International, ranking sixth with 9, with a sponsorship participation rate of 7.6%; Morgan Stanley, Goldman Sachs, CCB International, and CMSC International, each tied for seventh with 7, with a sponsorship participation rate of 5.9%; Among them, those that sponsored more than 5 companies or had a sponsorship participation rate exceeding 5% also included UBS (6), GF SEC (5), ABC International (5), JPMorgan (5), Citi (5), Deutsche Bank (5), and BOC International (5). Guotai Haitong would rank third with a total of 22, with a sponsorship participation rate of approximately 18.5%. Among them, there were 10 securities firms that participated in only one listing, accounting for 20.0% of all securities firms (50). This article is reprinted from the "RyanbenCapital" WeChat public account. GMTEight editor: Chen Siyu.