UBS: Hong Kong stock IPO fundraising for the whole year expected to reach 45 to 50 billion US dollars, maintaining confidence in the goal of the Hang Seng Index breaking through 30,000 points this year.

UBS believes that the Hong Kong stock market has remained highly active since the beginning of the year, with significant structural changes, and hard technology and new quality productive enterprises have become the absolute main force in new stock issuance. Data shows that science and technology innovation companies accounted for 63% of the IPO issuance scale in Hong Kong from the beginning of the year, a significant increase from 16% during the same period last year. Gregory Chan, co-head of UBS Securities' global investment banking department, said that Hong Kong's fundraising in the first five months of 2026 had reached approximately $43 billion, a significant increase from $28 billion during the same period last year. UBS research department predicts that the total IPO fundraising in Hong Kong this year is expected to reach $45 billion to $50 billion, and maintains confidence in the Hang Seng Index breaking through 30,000 points this year. Looking ahead to the second half of the year, the core momentum of China's capital market may be dominated by the substantive growth in corporate profits. UBS is optimistic about two types of assets: the technology sector with a large market value benefiting from the global deployment of AI applications and controllable technology, and small and medium-sized enterprises with the ability to expand internationally.