Compared to the same period last year, the Hong Kong stock market's IPO size has increased by more than 500% this year, exceeding HK$100 billion.

With the listing of two new stocks on the Hong Kong Stock Exchange on March 24, the scale of listed companies in Hong Kong has once again expanded. Data from Wind shows that in less than three months since 2026, the amount of funds raised in the Hong Kong IPO market has exceeded 100 billion Hong Kong dollars, an increase of over 500% compared to the same period last year. Looking at individual stocks, the 34 new stocks listed have a noticeable increase in the "technology" component, with many targets coming from industries such as semiconductors and software. It is worth noting that unlike the simultaneous upward trend in the first and second-tier markets in 2025, the Hong Kong secondary market has been volatile and has not synchronized with the hot state of the primary market. In the view of industry insiders, the impact of the current Middle East geopolitical conflicts on global risk assets has not been completely eliminated, so Hong Kong stocks are focusing more on risk prevention in the short term. In addition to the value dividend sector, it is recommended to continue to pay attention to the new energy sector.