In the latter half of 2026, the Hong Kong stock market is set to encounter a significant surge in the expiration of lock-up periods. Specifically, shares valued at an estimated HKD 300 billion and HKD 500 billion will become available for sale in July and September, respectively. These lock-up expirations are predominantly centered around burgeoning sectors, including AI large-scale models, GPUs, and advanced semiconductors. In response to the anticipated liquidity crunch stemming from the simultaneous release of these shares, cornerstone investors, majority shareholders, and senior executives from various listed companies have publicly pledged to retain their shareholdings and refrain from any reductions.
