According to a research report by GF Securities, the Hong Kong IPO market is anticipated to achieve a complete recovery by 2025. As of May 31, the Hong Kong Stock Exchange has witnessed 28 IPOs, marking a significant year-on-year surge of 7.1 times. Furthermore, the return of Chinese concept stocks to the Hong Kong market and the issuance of H-shares by A-share companies are poised to further invigorate market sentiment.