Since the start of the year, numerous companies listed on China’s A-share market have opted to pursue initial public offerings (IPOs) in Hong Kong. According to data from Wind, as of now, 38 A-share companies have successfully debuted on the Hong Kong Stock Exchange—double the total for all of last year. Collectively, these firms have raised HKD 261.231 billion, representing 67.75% of the total IPO funds raised in Hong Kong’s stock market over the same period. This surge underscores how the “A+H” dual-listing strategy has emerged as a key capital-raising avenue for A-share companies. Experts attribute this trend to a confluence of three main drivers: policy incentives, market appeal, and corporate strategy. Notably, among the A-share companies going public in Hong Kong this year, hard-tech sectors—such as AI computing and semiconductors—have taken center stage.
