On December 22, HKEx published its 2025 review. In 2025, the amount of capital raised in the Hong Kong IPO market ranked first in the world. The amount raised was significantly higher than last year, and the average daily turnover reached a record high. The average daily turnover of the spot market for the first 11 months of 2025 reached HK$23.7 billion, an increase of 43% over the same period last year. As of December 19, a total of 106 companies were listed on the Hong Kong Stock Exchange, with a total financing of HK$274.6 billion. Four of these companies also ranked among the top ten global IPOs in 2025. Companies listed on the Hong Kong Stock Exchange raised US$66 billion through refinancing, demonstrating the vitality and depth of Hong Kong's capital market.

On December 22, HKEx published its 2025 review. In 2025, the amount of capital raised in the Hong Kong IPO market ranked first in the world. The amount raised was significantly higher than last year, and the average daily turnover reached a record high. The average daily turnover of the spot market for the first 11 months of 2025 reached HK$23.7 billion, an increase of 43% over the same period last year. As of December 19, a total of 106 companies were listed on the Hong Kong Stock Exchange, with a total financing of HK$274.6 billion. Four of these companies also ranked among the top ten global IPOs in 2025. Companies listed on the Hong Kong Stock Exchange raised US$66 billion through refinancing, demonstrating the vitality and depth of Hong Kong's capital market.