Hong Kong Securities and Futures Commission: As of March, the amount of funds raised through initial public offerings soared by 272% year-on-year.

The Securities and Futures Commission of Hong Kong released the "2025-26 Annual Report" today, showing significant growth in various asset classes in the Hong Kong capital market over the past year, including investment funds, digital assets, and the stock market, consolidating Hong Kong's position as a leading international financial center. In the stock market sector, enhancing competitiveness remains a key focus for the year. As of March, Hong Kong's post-listing fundraising steadily increased by 18% year-on-year to 259 billion yuan, while the amount raised in initial public offerings surged by 272% to 379 billion yuan. In addition, with the support of reform measures, the liquidity and efficiency of the secondary market have improved: the daily average trading volume in the Hong Kong market recorded a 54% increase, reaching a new high of 258 billion yuan, while after the introduction of the first stage measures to lower the minimum tick sizes, the bid-ask spread of relevant stocks narrowed by 38%, and the execution time of orders also improved by 26%.