As 2026 dawned, the Hong Kong stock market's IPO sector has been on a remarkable upward trajectory. By February 25, a total of 24 companies had successfully made their debut on the Hong Kong Stock Exchange. This marks a significant year-on-year increase of 166.67% in the number of listings, with the cumulative financing amount reaching a staggering HKD 89.226 billion—a year-on-year surge of 1013.59%, or tenfold compared to the same period in the previous year. Notably, AI firms such as Biren Technology and Zhipu have each secured over HKD 5 billion in a single round of financing, with their share prices skyrocketing by more than 50% on their first day of trading.

Cheng Yuan, the Deputy General Manager of Cinda Securities, commented that this explosive growth in financing scale not only highlights international capital's robust confidence in China's high-end manufacturing and emerging industries but also mirrors the outstanding progress made in transforming and upgrading China's industrial structure.