13 new "A+H" stocks added this year; Hong Kong IPO backup roster continues to grow

People’s Financial News, March 19 — The enthusiasm for IPOs in Hong Kong stocks continues. As of March 18 this year, 28 new stocks have been listed on the Hong Kong Stock Exchange, a year-on-year increase of 133.33%; IPO fundraising reached HKD 97.166 billion, a year-on-year increase of 537.34%. Amid the IPO boom in Hong Kong stocks, the “A+H” share model has attracted attention. Data shows that since 2026, 13 A-share companies have listed in Hong Kong, with a total IPO fundraising of HKD 62.577 billion, accounting for 64.40% of this year’s IPO funds in the Hong Kong market. Ning Bo, Chief Strategy Analyst at CICC (Hong Kong) Research Department, stated that in the long term, the Hong Kong stock market is undergoing structural reshaping. Information technology and healthcare companies are becoming the main force in IPOs, with industries such as artificial intelligence, semiconductors, and innovative drugs gradually forming new asset supplies. Meanwhile, regulators are strengthening oversight of listing quality and sponsorship responsibilities, which helps promote a shift in the Hong Kong IPO market from “quantity expansion” to “quality prioritization.” The continuous listing of high-quality companies in Hong Kong not only expands capital supply but may also attract more global funds to allocate to Chinese assets, thereby improving the structure and valuation levels of the Hong Kong stock market in the medium to long term. (Securities Daily)