Hong Kong's stock market saw 85 companies complete initial public offerings in the first half of 2026, raising over HKD 200 billion in total fundraising, according to a report from Shanghai Securities News. The surge in IPO activity coincided with Chinese securities firms expanding their international operations, with institutions including Guotai Haitong, CITIC Securities, Huatai Securities, and Guangfa Securities increasing their allocations to overseas business. Among the 85 newly listed companies, 11 were 18A biotech firms and 13 were 18C specialist technology companies, while 24 pursued A+H dual listings—exceeding the 19 dual listings recorded for the entirety of 2025. Chinese brokerages emerged as the primary underwriters in the Hong Kong IPO market, with CICC sponsoring 28 companies and underwriting 36 IPOs to lead the market.
85 Companies Raised Over HKD 200 Billion in Hong Kong IPOs
Data showed that in the first half of 2026, 85 companies listed on the Hong Kong stock market. Of these, 11 were 18A biotech companies and 13 were 18C specialist technology companies. The total fundraising amount for the period exceeded HKD 200 billion. Multiple hundred-billion-level IPO projects appeared during the half-year period.
A+H Dual Listings Reached 24 in First Half
A+H dual listing became a major trend in Hong Kong's IPO market in the first half of 2026. Among the 85 companies that listed on the Hong Kong stock market during the period, 24 pursued A+H dual listings. This figure exceeded the 19 A+H dual listings recorded for the entirety of 2025.
CICC Led Hong Kong IPO Underwriting with 36 Deals
Chinese securities firms served as the primary force in underwriting Hong Kong IPOs. Wind data showed that CICC sponsored 28 companies and underwrote 36 new Hong Kong stock offerings, leading the Hong Kong IPO market. Chinese brokerages featured prominently in multiple large-scale IPO projects during the first half of 2026.
Chinese Brokerages Increased Capital Allocation to International Units
In the first half of 2026, major Chinese securities firms prioritized capital supplementation for their overseas subsidiaries. These firms increased their international business allocations through capital injections, private placements, and rights offerings.
FAQ
How many companies listed on the Hong Kong stock market in the first half of 2026?
85 companies completed initial public offerings on the Hong Kong stock market in the first half of 2026, raising over HKD 200 billion in total fundraising.
What was the trend in A+H dual listings during this period?
24 companies pursued A+H dual listings in the first half of 2026, exceeding the 19 A+H dual listings recorded for the entirety of 2025.
Which securities firm led Hong Kong IPO underwriting in the first half of 2026?
CICC led the Hong Kong IPO market by sponsoring 28 companies and underwriting 36 new stock offerings in the first half of 2026.
