Zhongji XuChuang may become the largest IPO in Hong Kong this year.

Zhongji Xuchuang announced the launch of the H-share listing plan in November 2025, and in April 2026, it submitted a confidential listing application to the Hong Kong Stock Exchange. The company recently completed the relevant procedures for the China Securities Regulatory Commission's overseas listing filing and completed the hearing review this week. Zhongji Xuchuang's H-share listing this time is underwritten by CICC, GF Securities, Goldman Sachs, and Morgan Stanley. According to market sources, the company's Hong Kong IPO fundraising scale has been raised to 7 billion U.S. dollars, a significant increase from the initial expectation of 5 billion U.S. dollars. The strong institutional subscription intention is the core reason for the fundraising increase, and if the target fundraising amount is reached, Zhongji Xuchuang is expected to become the largest IPO in Hong Kong this year.