Hong Kong Stock Exchange Anticipates Surge in Tech IPOs Next Year

According to PANews, Li Zhenguo, Vice Chairman of UBS Global Investment Banking, has indicated that Hong Kong Stock Exchange's Chapter 18C is opening new avenues for tech companies to go public. It is anticipated that 150 to 200 companies will list in Hong Kong next year, with the total IPO size expected to reach 300 billion yuan, positioning Hong Kong at the forefront globally. Li believes that consumer goods, high technology, and artificial intelligence will continue to be key themes next year. The ongoing interest rate cuts remain a focal point for the market, while the stabilization of mainland consumption is also favorable for market growth. Additionally, the overall stock valuation in the Greater China region is at a discount compared to U.S. stocks, making it attractive to investors.