On March 24, two fresh stocks made their debut on the Hong Kong stock market, marking a further expansion in the number of listed companies in the region. Data from Wind reveals that within the first three months of 2026, the amount raised through IPOs in the Hong Kong stock market has already surpassed HK$100 billion, showcasing a remarkable year-on-year increase of over 500%. Looking at the individual stocks, the technological sophistication of the 34 newly listed entities has seen a notable enhancement, with a significant portion hailing from sectors such as semiconductors and software. It is worth mentioning that, in contrast to the concurrent upswing in both primary and secondary markets observed in 2025, the Hong Kong stock secondary market has witnessed volatile corrections this year, failing to mirror the enthusiasm seen in the primary market. Industry experts opine that the repercussions of the ongoing geopolitical tensions in the Middle East on global risk assets have yet to be fully resolved. In the near term, the Hong Kong stock market is expected to place a greater emphasis on risk mitigation. Beyond the value dividend sector, it is advisable to keep a close watch on the new energy sector.