In the year, there were 13 new "A+H" stocks added, and the reserve army of Hong Kong IPOs continues to expand.

The enthusiasm for Hong Kong IPOs continues. As of March 18th this year, there have been 28 new listings on the Hong Kong Stock Exchange, a year-on-year increase of 133.33%; the IPO fundraising amount is 97.166 billion Hong Kong dollars, a year-on-year increase of 537.34%. In the frenzy of Hong Kong IPOs, the "A+H" stock model is attracting attention. Data shows that since 2026, 13 A-share companies have listed in Hong Kong, with a total IPO fundraising amount of 62.577 billion Hong Kong dollars, accounting for 64.4% of the annual IPO fundraising amount in the Hong Kong stock market. Ning Bo, Chief Strategy Analyst of CMB International Securities Research Department, said that in the long term, the Hong Kong stock market is undergoing structural reshaping. Information technology and healthcare companies are becoming the main force in IPOs, and industries such as artificial intelligence, semiconductor, and innovative drugs are gradually forming new asset supplies. At the same time, regulatory authorities are strengthening supervision of listing quality and underwriting responsibilities, which will help Hong Kong's IPO market transition from "quantity expansion" to "quality first". The continuous listing of high-quality enterprises in Hong Kong not only expands the supply of capital but also may attract more global funds to allocate Chinese assets, thereby improving the structure and valuation level of the Hong Kong stock market in the medium to long term.