Hong Kong’s IPO (initial public offering) market has welcomed over 100 new listings, including two of the largest IPOs globally, and raised over HK$270 billion ($34.7 billion) in 2025, with a pipeline of more than 300 companies waiting to be listed on the Hong Kong Stock Exchange in 2026, Hong Kong Exchanges and Clearing CEO Bonnie Chan Yiting wrote in the HKEX blog on Tuesday.

Chan said that Hong Kong’s market has experienced a strong rebound this year, driven by the broad trend of global capital diversification, when investors seek diversified growth and risk management opportunities; and by the evolution of the Chinese mainland’s development model, with more mainland companies utilizing Hong Kong’s financing platform to expand internationally.

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Amid Asia’s economic rise, Chan is optimistic about the role of Hong Kong as a “global superconnector”. Although the cyclical nature of markets is hard to predict, she said she believes that the long-term prospects of Asian markets are positive, and Hong Kong has the potential to seize opportunities to become the heart of the world’s financial markets in the future.

To prepare for such opportunities, the HKEX has launched strategic initiatives for the next decade.

First, the HKEX is to enhance the multi-asset ecosystem by developing products such as fixed income and currency offerings tailored for Asian investors.  The Hong Kong stock market operator also plans to attract more listings from diverse regions like Indonesia, Kazakhstan, Singapore, Thailand and the United Arab Emirates.

The HKEX will also innovate in future-proofing technology and operations to reduce trading friction and support regional partnerships.

The third strategic imperative is to invest in adjacent capabilities, including data, analytics, the index business, digital currency, tokenization and more to drive liquidity and highlight Asian opportunities globally.

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Asia attracts approximately 40 percent of global foreign direct investment, accounts for 55 percent of the world's listed companies, and has a market capitalization that accounts for 27 percent of the total global stock market capitalization, Chan said.

Looking ahead, the HKEX in the next decade will promote connectivity between other Asian markets and the mainland through enhancing platform and regional cooperation and creating a globally attractive regional liquidity pool, as the Asian financial market has the potential to develop into the world's largest capital market.

This will bring opportunities from Southeast Asia and other Asian markets to mainland investors, and attract more Asian investors to invest in the mainland capital market, Chan added.