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Policy forces shift.Offshore Chinese IPO tide to Hong Kong from New York
政策转向重塑上市版图,中企境外IPO由美转港

New listings raised $36 billion on the Hong Kong Stock Exchange in 2025, accounting for nearly one-quarter of IPO fundraising worldwide.
2025年,香港交易所新上市公司合共募资360亿美元,占manbetx app苹果 IPO募资总额近四分之一。

The tide of offshore listings by Chinese companies turned sharply back to Asia in 2025, lifting Hong Kong to the world’s leading IPO market in terms of fundraising for the year, as New York rapidly lost momentum. Policy shifts, both at the government and stock exchange levels, were the main driver of the sea change, leading many to forecast the shift would accelerate this year and continue into the foreseeable future.

2025年,manbetx3.0 企业赴海外上市的浪潮明显回流亚洲,在纽约市场动能迅速减弱之际,推动了香港跃居manbetx app苹果 IPO募资规模最大的市场。这场转向的关键推力来自政府与交易所层面的政策变化,也使不少市场人士预期,这一趋势将在今年进一步加速,并在可预见的未来持续下去。

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