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The Star
25-05-2025
- Business
- The Star
Hong Kong IPOs raise over US$9.7bil so far in 2025
HONG KONG, May 25 (Bernama-Xinhua): Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said on Sunday that Hong Kong's IPO fundraising has surpassed 76 billion HK dollars (about US$9.7 billion) so far this year, soaring sevenfold year-on-year and reaching nearly 90 per cent of last year's total. Chan said in his blog that amid an uncertain external environment, Hong Kong, as a "super connector" between the mainland and the global market, is making every effort to seize opportunities, reported Xinhua. Last week, two major themed financial forums were held in Hong Kong, driving strong fundraising activity in the market. Many seasoned foreign investors expressed their intention to increase asset allocations in the mainland and across Asia through Hong Kong. In the same week, the Hong Kong IPO market welcomed the largest new stock listing globally this year. Additionally, the Hong Kong Investment Corporation Limited hosts its inaugural International Forum for Patient Capital. Many tech company representatives noted that the event helped them connect with more potential investors and long-term funding, facilitating better capital alignment with innovation-driven enterprises and providing stronger support for technology research, development, and commercialisation. On May 23, the ordinance on company re-domiciliation officially took effect. On the day of the announcement, a major international insurance company responded by declaring its plan to relocate its registration to Hong Kong. The market anticipated that companies from other sectors, such as shipping, may also follow suit. Chan said that the strong performance of Hong Kong stocks this year, along with the increasing number of domestic and international companies establishing global headquarters, research centres, and regional offices in the city, reflected the confidence of global investors and businesses in Hong Kong. (US$1 equals 7.83 HK dollars). Bernama-Xinhua
RTHK
22-05-2025
- Business
- RTHK
HKIC says some firms in its portfolio have IPO plans
HKIC says some firms in its portfolio have IPO plans HKIC chief executive Clara Chan says about five to 10 firms it has invested in are considering listing in Hong Kong this year. Photo: RTHK The SAR government investment vehicle on Thursday revealed that several of the companies it has invested in are considering or have filed applications to list in Hong Kong this year. It did not specify which firms. This came as the Hong Kong Investment Corporation (HKIC) hosted its inaugural "International Forum for Patient Capital (IPC)" to attract global funds to invest in the city. Speaking to reporters after the event, HKIC's chief executive, Clara Chan, said that of the 100 projects in the body's portfolio, about five to 10 have expressed an interest in or have already filed an application to list in the city this year. She said that the speed of such progress has been impressive and came much faster than anticipated, adding that the firms are also rapidly growing and seek overseas market potential. The firms with initial public offering plans are "Hong Kong representatives" and HKIC will assist them during the process while attracting more firms to set up shop here, Chan added. "For every HK$1 invested by HKIC, it can now generate over HK$4 in the long-term follow-up investment funds, which is a further improvement compared to the past," she said. Separately, Chan said that the IPC has brought together some 400 representatives from 80 global patient capital institutions, or organisations focusing on long-term growth, with total asset management amounting to over US$20 trillion. "They are very diverse because patient capital institutions cover a wide range of different entities, for example, civil funds, pension plans, family officers and university endowments. "A lot of them are really action-oriented, and they're very low profile, noting the various geopolitical considerations, but at the same time, they really want to capture the growth trends in this part of the world". Chan said the participants cover developed markets such as the US, Europe, Australia, Japan, and also a number of Global South markets, including the Middle East and Southeast Asia. Many of the institutions are interested in investment opportunities in innovation and technological development on the mainland and Hong Kong, such as artificial intelligence and robotics, which aligns with HKIC's investment portfolio, said Chan.
RTHK
22-05-2025
- Business
- RTHK
HKIC says some firms in its portfolio have IPO plans
HKIC says some firms in its portfolio have IPO plans HKIC chief executive Clara Chan says about five to 10 firms it has invested in are considering listing in Hong Kong this year. Photo: RTHK The SAR government investment vehicle on Thursday revealed that several of the companies it has invested in are considering or have filed applications to list in Hong Kong this year. It did not specify which firms. This came as the Hong Kong Investment Corporation (HKIC) hosted its inaugural "International Forum for Patient Capital (IPC)" to attract global funds to invest in the city. Speaking to reporters after the event, HKIC's chief executive, Clara Chan, said that of the 100 projects in the body's portfolio, about five to 10 have expressed an interest in or have already filed an application to list in the city this year. She said that the speed of such progress has been impressive and came much faster than anticipated, adding that the firms are also rapidly growing and seek overseas market potential. The firms with initial public offering plans are "Hong Kong representatives" and HKIC will assist them during the process while attracting more firms to set up shop here, Chan added. "For every HK$1 invested by HKIC, it can now generate over HK$4 in the long-term follow-up investment funds, which is a further improvement compared to the past," she said. Separately, Chan said that the IPC has brought together some 400 representatives from 80 global patient capital institutions, or organisations focusing on long-term growth, with total asset management amounting to over US$20 trillion. "They are very diverse because patient capital institutions cover a wide range of different entities, for example, civil funds, pension plans, family officers and university endowments. "A lot of them are really action-oriented, and they're very low profile, noting the various geopolitical considerations, but at the same time, they really want to capture the growth trends in this part of the world". Chan said the participants cover developed markets such as the US, Europe, Australia, Japan, and also a number of Global South markets, including the Middle East and Southeast Asia. Many of the institutions are interested in investment opportunities in innovation and technological development on the mainland and Hong Kong, such as artificial intelligence and robotics, which aligns with HKIC's investment portfolio, said Chan.
