Ruan Capital Hong Kong IPO sponsor ranking: CICC, CITIC, Huatai, continue to maintain the top three.

To more accurately reflect the real-time performance of Hong Kong intermediary institutions and make the statistical data more meaningful, RyanBen updates the rolling ranking data for the "past 24 months," "past 12 months," and "past 7 months" each month. According to the statistics: In the past 24 months (from August 2024 to July 2026), there were 254 new listed companies in Hong Kong; In the past 12 months (from August 2025 to July 2026), there were 170 new listed companies in Hong Kong; In the past 6 months (from January 2026 to July 2026), there were 104 new listed companies in Hong Kong. According to the statistics, in the past 24 months, a total of 48 brokerages participated in sponsoring 250 new listed companies (excluding those that simply transferred from GEM to the main board or were reverse mergers via SPAC). Among these 48 brokerages, there were 31 Chinese-funded brokerages (accounting for 64.6%), 11 foreign brokerages (accounting for 22.9%), and 6 Hong Kong-funded brokerages (accounting for 12.5%). I. Data from the past 24 months (from August 2024 to July 2026) According to the statistics, in the past 24 months, a total of 48 brokerages participated in sponsoring 250 new listed companies (excluding those that simply transferred from GEM to the main board or were reverse mergers via SPAC). In terms of the number of new listings sponsored in the past 24 months, the top ten sponsoring brokerages are: CICC, ranking first with 84 cases and a sponsorship participation rate of 33.6%; CITIC SEC, ranking second with 64 cases and a sponsorship participation rate of 25.6%; Huatai International, ranking third with 42 cases and a sponsorship participation rate of 16.8%; China Merchants International, ranking fourth with 20 cases and a sponsorship participation rate of 8.0%; Guotai Junan and Morgan Stanley, each with 19 cases, ranking fifth and sharing a sponsorship participation rate of 7.6%; China Securities Co., Ltd. International, Jianyin International, and Goldman Sachs, each with 16 cases, ranking seventh and sharing a sponsorship participation rate of 6.4%; HAITONG INT'L, ranking tenth with 15 cases and a sponsorship participation rate of 6.0%; Among those that sponsored more than 5 cases or had a sponsorship participation rate exceeding 5% are UBS (14 cases), CMSC International (10 cases), Agricultural Bank International (10 cases), GF SEC (9 cases), JPMorgan (9 cases), Bank of America (8 cases), Deutsche Bank (7 cases), CMBC CAPITAL (6 cases), Shenwan Hongyuan Group (6 cases), BOC International (6 cases), Ping An Insurance Capital (5 cases), and Citibank (5 cases). Among the brokerages, there were 10 that only participated in sponsoring one listed company, accounting for 20.8% of the total number of brokerages (48). If Guotai Junan and HAITONG INT'L are combined, the total of Guotai Haitong would be 34 cases, ranking fourth. II. Data from the past 12 months (from August 2025 to July 2026) In terms of data from the past 12 months, 43 of these 48 brokerages participated in sponsoring 167 new listed companies (excluding those that simply transferred from GEM to the main board or were reverse mergers via SPAC). The top ten sponsors in the past 12 months are: CICC, ranking first with 61 cases and a sponsorship participation rate of 36.5%; CITIC SEC, ranking second with 46 cases and a sponsorship participation rate of 27.5%; Huatai International, ranking third with 26 cases and a sponsorship participation rate of 15.6%; Guotai Junan, ranking fourth with 17 cases and a sponsorship participation rate of 10.2%; China Securities Co., Ltd. International, ranking fifth with 11 cases and a sponsorship participation rate of 6.6%; Jianyin International and HAITONG INT'L, each with 10 cases, ranked sixth and sharing a sponsorship participation rate of 6.0%; China Merchants International and Morgan Stanley, each with 9 cases, ranked eighth and sharing a sponsorship participation rate of 5.4%; Goldman Sachs and CMSC International, each with 8 cases, ranked tenth and sharing a sponsorship participation rate of 4.8%; Among those that sponsored more than 5 cases or had a sponsorship participation rate exceeding 5% are UBS (7 cases), Agricultural Bank International (7 cases), GF SEC (7 cases), JPMorgan (6 cases), Deutsche Bank (6 cases), CMBC CAPITAL (5 cases), and Shenwan Hongyuan Group (5 cases). Among the brokerages, there were 9 that only participated in sponsoring one listed company, accounting for 18.8% of the total number of brokerages (48). III. Data from the past 7 months (from January 2026 to July 2026) In terms of data from the past 7 months, 36 of these 48 brokerages participated in sponsoring 102 new listed companies (excluding 2 that simply transferred from GEM to the main board or were reverse mergers via SPAC). The top ten sponsors in the past 7 months are: CICC, ranking first with 35 cases and a sponsorship participation rate of 34.3%; CITIC SEC, ranking second with 24 cases and a sponsorship participation rate of 23.5%; Huatai International, ranking third with 14 cases and a sponsorship participation rate of 13.7%; Guotai Junan, ranking fourth with 10 cases and a sponsorship participation rate of 9.8%; China Securities Co., Ltd. International, Jianyin International, HAITONG INT'L, and CMSC International, each with 7 cases, ranked fifth and sharing a sponsorship participation rate of 6.9%; Goldman Sachs, ranking ninth with 6 cases and a sponsorship participation rate of 5.9%; Morgan Stanley, UBS, Agricultural Bank International, and Deutsche Bank, each with 5 cases, ranked tenth and shared a sponsorship participation rate of 4.9%; among the brokerages, there were 8 that only participated in sponsoring one listed company, accounting for 16.7% of the total number of brokerages (48). This article is reproduced from the "Ryan Capital RyanbenCapital" WeChat account, edited by GMTEight: Feng Qiuyi.