24 A-share companies raise HKD 120 billion in Hong Kong IPOs during H1

Twenty-four A-share companies raised more than HKD 120 billion through Hong Kong listings in the first half of 2026, the China Association for Public Companies said on July 27.

"The cross-border listing momentum reflects strong demand from mainland companies seeking international capital," the CAPC said in its June statistical monthly report, which was cited by the China Securities Journal.

The listings were concentrated in next-generation information technology and biotechnology sectors. As of end-June, the total number of Chinese concept stocks listed on overseas markets stood at 1,904, with H-share companies increasing by 51 from the start of the year.

The fundraising total underscores Hong Kong's continued role as the primary offshore listing venue for mainland Chinese companies, even as global IPO markets face headwinds from elevated interest rates and geopolitical uncertainty. The pipeline of A-share companies seeking Hong Kong listings remains robust, with several large-cap technology and biotech firms expected to file for hearings in the second half of the year.

The HKD 120 billion raised in H1 positions Hong Kong ahead of other global exchanges for Chinese company listings. Investors will watch whether the pace accelerates in H2, particularly as companies in the semiconductor and AI supply chain — including memory chipmaker CXMT Corp's recent blockbuster debut — test market appetite for large-scale offerings.

This article is for informational purposes only and does not constitute investment advice.