Hong Kong IPO Rebound Courts Family Offices with Tax Breaks

Hong Kong IPO rebound momentum is being pitched as a draw for family offices, with advisers citing liquidity, a strong listings pipeline and a more supportive tax regime.

IPO fundraising ranked first globally in 2025 at HKD285.8bn (USD36.6bn), and more than 300 companies have filed to list on the Hong Kong Stock Exchange, PwC said, projecting about 150 IPOs in 2026 that could raise HKD320bn–HKD350bn.

Supporters point to cornerstone buying by long-term institutions, including the Kuwait Investment Authority and GIC, alongside issuers spanning batteries, autonomous driving and biotech.

Officials also note the city’s single-family-office tax concession, which offers a 0% profits-tax rate for eligible investment vehicles and is set to broaden qualifying assets.