Hong Kong’s IPOs in 2026 have raised HK$140 billion: finance chief

Published Sun, Apr 26, 2026 · 03:22 PM

[HONG KONG] Initial public offerings in Hong Kong have raised more than HK$140 billion (S$22.8 billion) this year, with the city maintaining its position as the world’s top IPO venue, Financial Secretary Paul Chan wrote in his weekly blog.

The average daily trading volume on the Hong Kong stock market has exceeded HK$280 billion since last month, he added. 

The city’s booming IPO market is delivering windfalls for investment banks and is intensifying competition for experienced dealmakers. Listing volumes reached a four-year high in 2025 and have maintained the momentum this year.

The surge in activity has drawn tighter regulatory scrutiny. Beijing is restricting certain Chinese companies incorporated overseas from pursuing Hong Kong listings, said people familiar with the matter.

Meanwhile, the city’s Securities and Futures Commission has issued warnings to some banks about substandard filing practices.

Chan previously said that the government’s priority is to ensure a steady pipeline of high-quality issuers for the Hong Kong market.

He wrote in the blog that the city’s Immigration Department expects about 980,000 mainland visitors to travel to Hong Kong during China’s “Golden Week” holiday starting on Friday (May 1), up about 7 per cent from a year earlier.

The influx is expected to provide a significant boost to the retail, dining, hotel and tourism sectors, Chan added. BLOOMBERG