Deloitte raises this year's Hong Kong IPO fundraising to HK$200 billion.

One of the Big Four accounting firms, Deloitte, has indicated that with mainland leading enterprises speeding up their listings in Hong Kong, the total number of new listings in Hong Kong for the year will reach 80, with a total fundraising amount raised to 200 billion Hong Kong dollars, significantly higher than the initial forecast of 130-150 billion Hong Kong dollars in April. In contrast, another accounting firm, Ernst & Young, projects that the total fundraising amount in Hong Kong for the year will be 160 billion Hong Kong dollars, making Deloitte's estimation much more optimistic. Deloitte points out that there are currently more than 170 listing applications in Hong Kong under review, with over 5 companies planning to raise at least 1 billion US dollars each, and it is expected that there will be 25 A+H new listings by the end of the year. Deloitte says that most of the other listings will come from the technology, media, telecommunications, and consumer sectors. Deloitte further explains that the accelerated pace of mainland leading enterprises listing in Hong Kong, along with simplified A-share company application procedures, improved valuations, increased market liquidity, and enhanced fund acceptance capabilities, are all injecting momentum into Hong Kong's new listing market.