Hong Kong’s equity market saw six Chinese firms make their trading debuts on Tuesday, collectively raising approximately HK$7 billion, with the majority of the new listings advancing above their initial public offering prices.
Led by optimism over technology-driven growth, improving regulatory conditions, and abundant liquidity, the robust debuts are fueling sentiment ahead of 2026. Market watchers said this wave of successful IPOs is likely to bolster Hong Kong’s status as a premier destination for equity fundraising in the region.
George Au, deputy sales director at Phillip Securities noted that this year has been Hong Kong’s strongest year since Ant Group’s IPO was shelved. He also credited the buoyant tone to a surge in margin loans, headline debuts such as Mixue and CATL, and revised allocation rules implemented in August that curbed excessive retail speculation.
Among Tuesday’s standouts: InSilico Medicine Cayman TopCo jumped roughly 45% at the open. Beijing 51WORLD Digital Twin Technology saw shares climb nearly 15%. USAS Building System started over 15% higher, while Shanghai Forest Cabin Cosmetics Group advanced by about 9%. Shenzhen Xunce Technology and OneRobotics opened flat.
Au added that the market sentiment remains fairly good as the year ends, with no sign of investor reluctance. Participants are acting more cautiously and rationally. Looking ahead, Shanghai Biren Technology’s debut on January 2 is viewed as a key test for the market in 2026.
With six IPO debuts this week, Hong Kong’s revival as a leading capital-raising hub appears firmly on track, supported by more than 300 companies already filed to go public. Further IPOs next year include debuts by Biren Technology and MiniMax Group, both of which are being closely watched by investors.
