Hong Kong’s stock market fundraising could rise by up to 80% this year, with IPO proceeds expected to reach between USD17bn and USD20bn, supported by optimism in the tech sector and mainland backing for listings. Last year, IPO proceeds stood at USD11bn, ranking fourth globally. The city is also hosting three major wealth and investment events this month, including the Wealth for Good in Hong Kong Summit on March 26, highlighting its role as a global financial hub. Officials reaffirmed Hong Kong’s strategic position as a “superconnector” amid global uncertainties. Efforts to attract family offices continue, with over 2,700 already operating in the city. The government’s investment migration scheme has drawn more than 910 applications, with an estimated USD3.4bn in potential investments.