The boom looks set to continue as companies that represent China’s industrial ambitions and rising technological capabilities — such as chipmaker Will Semiconductor Co and luxury carmaker Seres Group Co — prepare to debut on the Hong Kong exchange.
A wave of listings by Chinese companies is expected to reinvigorate trading activity in Hong Kong, with optimism growing that a robust pipeline of debuts will drive the broader stock market higher.
First-time share sales in Hong Kong have raised HK$77 billion (US$9.9 billion) this year through May, the most for the period since 2021, buoyed by a blockbuster offering by battery giant Contemporary Amperex Technology Co.
