Hong Kong raises over HK$103 billion from IPOs in Q1 2026

According to Odaily Planet Daily, Hong Kong SAR Financial Secretary Paul Chan wrote in a blog post on the 5th that average daily turnover on the Hong Kong stock market topped HK$300 billion in March, up more than 8% from a year earlier. He said the figures underscore Hong Kong's appeal as a dependable safe haven for capital, supported by steady economic growth in mainland China and a growing pipeline of high-quality listings that offers investors a broad range of opportunities. Chan added that as of March 27, funds raised from Hong Kong IPOs this year had exceeded HK$103 billion, placing the city first globally. Including follow-on offerings, total fundraising reached about HK$237 billion. He also noted that a rising share of new listings is coming from emerging industries, with more than 500 IPO applications currently in the queue. Chan said this trend shows more companies are treating Hong Kong as a key platform for raising funds and expanding internationally. (China News Service)