This year, the Hong Kong stock market for new listings was originally promising, with major companies vying to choose the Hong Kong Stock Exchange as their listing venue. Among them, the most eye-catching is the wave of A-share companies going public in Hong Kong. Many heavyweight companies, including CATL and Heng Rui Pharmaceutical, successfully debuted on the Hong Kong Stock Exchange this year. However, by August, the enthusiasm for new listings seems to have slightly cooled.

Affected by the US stock market, the performance of the Hong Kong stock market has slightly dimmed, leading some companies to postpone their plans for listing in Hong Kong. According to data statistics, the number of new stock listings in Hong Kong decreased to 6 in August, while the IPO fundraising scale sharply dropped to HKD 5.386 billion, not as fruitful as the previous months. However, the performance on the first day of listing for companies like Jiaxin International Resources and several biotech companies was quite remarkable, with their stock prices achieving more than double growth.

Although the performance of new stocks at the beginning of September was not very good, with Aux Group's stock falling by 5.40% on its first day of listing, the Hong Kong stock market still has many potential companies waiting to go public in the long run, indicating that the momentum for subsequent IPOs remains strong.

At the same time, fundraising activities in the Hong Kong stock market have been very active after listings. In August, many companies raised a large amount of capital through various means, among which several companies, including Huahong Semiconductor, received high recognition from the market.

In light of the current situation, the Hong Kong stock market seems to have found a balance between new stock offerings and refinancing activities. Although the new stock market has cooled recently, the long-term outlook is not pessimistic, especially as fundraising activities in the secondary market demonstrate companies' confidence in the Hong Kong stock market. Whether the Hong Kong stock market can regain its IPO enthusiasm in the future remains to be seen, depending on multiple factors such as market performance and the flow of international funds.

In summary, the Hong Kong stock market has indeed experienced fluctuations this year, but it continues to attract the attention of companies based on the number of applications and fundraising activities. It is inevitable to remind that this is just an analysis based on publicly available information, and investments still need to be made with caution! ✨📉