Deloitte predicts that Hong Kong will remain at the top of the global new stock financing rankings this year.

Deloitte China's Capital Market Services Department has released a report on the review and outlook of mainland China and Hong Kong's new stock markets for the first three quarters of 2025. Based on the amount of funds raised through IPOs, the Hong Kong Stock Exchange will continue to dominate the global rankings for new stock financing. The New York Stock Exchange and NASDAQ are ranked second and third, respectively. The Shanghai and Shenzhen Stock Exchanges are ranked fifth and eighth. Deloitte believes that with the solid promotion of new policies such as the "Nine Articles" and "1+N" series in the mainland by regulatory authorities, the A-share market has shown a steady development trend in the first three quarters of this year, with an increase in the number and amount of IPOs. It is expected that this momentum will continue until the end of the year, and the government's support and attention to the technology and innovation industries will continue to make companies in these sectors hot targets for A-share IPOs.