HKEX sees over 100 IPO applications amid market optimism

Hong Kong Exchanges and Clearing (HKEX) chairman Carlson Tong Ka-shing said he remains cautiously optimistic about the city’s IPO market this year, as mainland-listed firms continue to seek secondary listings in Hong Kong. The exchange is processing over 100 listing applications, including 30 filed last month, 10 of which were from mainland enterprises. Eight companies debuted in January, with an average daily turnover of HKD150bn. Financial Secretary Paul Chan Mo-po expressed confidence in the market, citing supportive policies and increasing mainland company listings, despite challenges such as geopolitical tensions and trade tariffs. CEO Bonnie Chan Yi-ting said HKEX aims to enhance competitiveness by opening an office in Riyadh and attracting investment from global markets.