Ryan Capital: In the past 24 months, a total of 58 brokerages participated in the sponsorship work of 172 newly listed companies in Hong Kong.

According to the financial news app, Wisdom Finance, Ray Capital's statistics on Hong Kong intermediary agencies show that in the past 24 months (November 2023 to October 2025), there have been 173 new listed companies in Hong Kong; in the past 12 months (November 2024 to October 2025), there were 98 new listed companies in Hong Kong; and so far this year (January 2025 to October 2025), there have been 81 new listed companies in Hong Kong. According to the statistics, in the past 24 months, a total of 58 securities firms have participated in sponsoring the listing of 172 new listed companies (excluding 1 company that switched from the GEM to the Main Board through a simplified process).