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Hong Kong’s IPO haul in first 9 months smashes record despite Nasdaq’s fundraising lead

Read the original at South China Morning Post ↗
Cite

Chan, Z. S., & Yiu, E. (2026, September 30). Hong Kong’s IPO haul in first 9 months smashes record despite Nasdaq’s fundraising lead. South China Morning Post. https://www.scmp.com/business/banking-finance/article/3369316/hong-kongs-ipo-haul-first-9-months-smashes-record-despite-nasdaqs-fundraising-lead?utm_source=rss_feed

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

South China Morning Post · collected 2026-09-30 · by Zoe SL Chan, Enoch Yiu

Quick Summary

Hong Kong's stock exchange had a record-breaking first nine months with 114 companies listing, raising $48.4 billion on the main board alone and two more on the Growth Enterprise Market. This marks a 72% increase in new listings compared to last year, making it the busiest period since 2018 according to LSEG Data & Analytics. Despite Nasdaq's lead in total fundraising, Hong Kong is optimistic about achieving another record year due to a strong pipeline of potential deals.
Written by AI on 2026-09-30, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

In the first nine months of 2026, Hong Kong saw its initial public offerings (IPOs) raise more than HK$388 billion (US$49.4 billion), marking a year-on-year increase of over 100%. This surpasses the total amount raised in all of 2025. According to Financial Secretary Paul Chan Mo-po, the number of new listings rose by 72% compared to the same period last year, with 114 IPOs on both the main board and Growth Enterprise Market (GEM). Despite global economic concerns heightened by high yields in US bonds, Clara Chan Ka-chai, CEO of the Hong Kong Investment Corporation, expects more than 30 portfolio firms from her organization to list in Hong Kong later that year.

Written for “Hong Kong IPO Record Growth” on 2026-11-02, grounded in this article and the 1 other(s) covering the same event.

Story

📰 Hong Kong IPO Record Growth
Economy/Business · 2 article(s) covering the same event. See how they differ ↓

Compared with similar articles

This article reads unscored and hedges 33% of its claims. Each row says how that neighbour differs.
South China Morning Post
Hedges 1 of 5 claims Outlet record 63/100
“The articles describe different time periods and outcomes for Hong Kong's IPO market; one focuses on a slump in September while the other reports record-breaking fundraising for the first nine months of 2026.”
South China Morning Post
Hedges 1 of 4 claims Outlet record 63/100
South China Morning Post
Hedges 0 of 4 claims Outlet record 63/100
“The articles discuss different aspects of Hong Kong's financial situation without describing the same specific incident.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
3
sentences that state something as happening or true
Uncertain
33%
1 of 3 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
63/100
South China Morning Post's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-30 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

South China Morning Post · 3600 article(s) · 7 correction(s) detected
Running correction rate · 7 correction(s)

Who wrote this

Zoe SL Chan
14 article(s) here · 0 carrying a prediction
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🔮 It planned to start bookbuilding as soon as next week, and could make its trading debut in mid-October, the sources said.
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🔮 Tighter scrutiny of Hong Kong IPOs could slow deal flow, analysts say CSRC and SFC wake-up calls to bankers and other intermediaries indicate emphasis on quality over quantity amid fervour for listings Securities regulators in Hong Kong and mainland China are doubling down on efforts to raise the quality of Hong Kong initial public offerings (IPOs), which could slow the flow of new listings but would not reduce underlying demand, according to analysts.
Also by Zoe SL Chan
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 14 articles by Zoe SL Chan →
Enoch Yiu
13 article(s) here · 0 carrying a prediction
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🔮 Lan Foan said the outcomes achieved during the Apec Finance Ministers’ Meeting would help shape discussions at the leaders’ summit in Shenzhen next month.
🔮 HSBC to double Hong Kong AI team to 300, outpacing Singapore plan Bank unveils expansion plan after scrutiny of its Singapore AI hiring strategy HSBC, Hong Kong’s biggest lender, said on Thursday it would double its artificial intelligence specialist team in the city to 300, a figure much larger than the workforce planned for its recently announced AI centre in Singapore.
🔮 Market players support the change to keep up with global peers, but many worry the fourth quarter of 2027 would be too soon, sources say Conclusions from the consultation process would be revealed soon, but HKEX could extend the timeline after many participants said they wanted more time for training before the change, a source told the South China Morning Post.
🔮 HKEIA Hong Kong could learn from the US market, where streamlined regulations foster a thriving ecosystem of angel funds and start-ups, an industry body says Hong Kong would need to ease its listing rules and transaction requirements to attract more angel funds and become a hub for start-ups to go global, according to a leading industry body in the city. The city has only around 100 active angel funds – private investment vehicles targeting very early-stage innovative enterprises.
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🔮 When launched before the end of the year, the stablecoin would be offered only through PayMe and HSBC’s Hong Kong mobile banking app, HSBC said.
🔮 HSBC, the biggest lender in Hong Kong, will scrap an education subsidy programme for all newly hired or newly promoted senior executives from Friday, according to an internal memo seen by the South China Morning Post.
Also by Enoch Yiu
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 13 articles by Enoch Yiu →

Topics

GEM Hong Kong Hong Kong’s LSEG Data & Analytics Nasdaq

Subjects

Hong Kong’s GPE · 2× GEM ORG · 1× Hong Kong GPE · 1× LSEG Data & Analytics ORG · 1× Nasdaq ORG · 1×

Narrative

By deal count, the combined total of 114 new listings on the main board and GEM rose 72 per cent year on year, marking the busiest nine-month period since 2018.
framing: mixed · carried by 1 article(s) · first seen 2026-09-30

Claims (3 extracted, 1 hedged)

Hong Kong’s IPO haul in first 9 months smashes record despite Nasdaq’s fundraising lead A growing pipeline and potential megadeals bolster hopes of a record IPO year for the Hong Kong stock exchange, industry players say A total of 112 companies raised US$48.4 billion on Hong Kong’s main board during the first nine months, according to data released by LSEG Data & Analytics on Wednesday. uncertain
total → smash → Wednesday
A further two companies listed on the city’s Growth Enterprise Market (GEM). asserted
companies → list → Market
By deal count, the combined total of 114 new listings on the main board and GEM rose 72 per cent year on year, marking the busiest nine-month period since 2018. asserted
total → combine → 2018
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