The IPO boom in the Hong Kong stock market continues! Recent IPOs are favored by the market, and Old Puhuang has surged over 16 times in just 10 months since its listing.

The Hong Kong stock market is becoming increasingly active, and the enthusiasm for 'new listings' is rising again.

In the Hong Kong stock market, 'red-bottomed stocks' were once dominated by local traditional industry giants, but in recent years, stocks from emerging industries in the mainland have surged up like bamboo shoots after rain and gradually 'taken their place', breaking the original pattern.

'Red-bottomed stocks' in the Hong Kong stock market refer to those stocks whose prices have crossed the 100 Hong Kong dollar threshold. This name comes from the red background of the 100 Hong Kong dollar bills circulating in Hong Kong, resembling a bright spot in the stock market, highlighting the extraordinary value of these stocks.

It is worth mentioning that among the current 'red-bottomed stocks' in the Hong Kong stock market,Many Recent IPOs listed since 2024 have become a stunning sight, including Laopu Gold, Mixue Group, and Bruker.

According to Futu News Statistics, in the past year, several Recent IPOs have shown strong momentum:

$LAOPU GOLD (06181.HK)$ A cumulative increase of up to 16 times since their listing;$QUNABOX GROUP (00917.HK)$ 、 $MAO GEPING (01318.HK)$ A cumulative increase of over 2 times; Shenzhen's 'Siasun Robot&Automation six small dragons' $DOBOT (02432.HK)$ A cumulative rise of 175%;$HEALTHYWAY INC (02587.HK)$ 、 $HORIZONROBOT-W (09660.HK)$ Have also doubled; while less than 10 days since listing. $MIXUE GROUP (02097.HK)$ The stock price is also close to doubling, similar to this year's listed "Chinese version of Lego." $BLOKS (00325.HK)$ Cumulative increase of over 90%.

The tide of listing in Hong Kong has risen again! How do Institutions view this?

Under the influence of policy support, changes in market environment, and business demand, in recent years, more and more companies have chosen to go public through IPOs in Hong Kong, while many leading companies in A-shares have moved to Hong Kong.Secondary ListingInterviewed private equity firms stated that this will have a positive impact on the Hong Kong stock market, enhancing its liquidity and increasing market activity.

According to Securities Times, senior market analyst Gui Haoming believes that many Chinese enterprises entering the "red chip" camp have relatively good performances, so their prices also tend to be higher. "In the past two years, some mainland enterprises listed in Hong Kong have attracted local investors, thus becoming High Stock Price stocks.It indeed reflects that mainland Assets have gained higher recognition in Hong Kong, this international Capital Markets window.

In addition, on March 12, the Financial Secretary of Hong Kong, Paul Chan, stated at the Asia Technology Transformation Summit 2025 that last year the Hong Kong IPO fundraising scale was about 11 billion US dollars.It is expected to reach 17 billion to 20 billion US dollars this year.

This growth expectation reflects the market's confidence in the Hong Kong IPO market,as well as the positive impact of the global economic environment and policy support. It is expected that the Hong Kong IPO market will continue to be driven by the Technology, Medical, and Consumer Industries in 2025. The developmental prospects of these industries are broad, attracting significant investor interest while also providing more listing opportunities for relevant companies.

Currently,$Contemporary Amperex Technology (300750.SZ)$Applications for listing have been submitted to the Hong Kong Stock Exchange, and the funds raised from this Hong Kong listing will focus on expanding overseas capacity, international business expansion, and providing working capital support for overseas operations, thereby supporting the company’s long-term internationalization strategy.$Jiangsu Hengrui Pharmaceuticals (600276.SH)$、$Foshan Haitian Flavouring and Food (603288.SH)$、$Zhejiang Sanhua Intelligent Controls (002050.SZ)$Several leading companies in the A-shares Industry plan to seek A+H.dual listing.。

In this regard, Kou Zhiwei, a partner at Chongyang Investment, stated that several leading A-share companies going public in Hong Kong for a second time may primarily be attracted to Hong Kong's unique status as an offshore financial center, where the raised Forex funds can be directly used for the company's international expansion. Additionally, Hong Kong's financing mechanism is more flexible and beneficial for subsequent financing.

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