Hong Kong's stock market witnesses strong performance in 2025, heading into 2026 with momentum

In 2025, Hong Kong reclaimed the top spot in global IPO market rankings for the first time since 2019, with a total of over 280 billion HKD (about $36 billion) raised — a surge of 224 percent year on year.

The year witnessed Hong Kong's stock market welcoming more than 110 new listings, a significant increase of over 60 percent from 2024.

The Hang Seng Index rose by 27.77 percent over the course of the year, marking its best annual performance since 2017. The Hang Seng TECH Index climbed by 23.45 percent during the same one-year period.

"Since late 2024, global investors have been finding diversification opportunities in Asia and through Hong Kong," Bonnie Chan, CEO of the Hong Kong Exchanges and Clearing Limited (HKEX), said in a recent blog post.

"While this trend is pushing capital to our markets, a second one is pulling capital in — the evolution of China's development model," Chan added, highlighting that the country "is moving from a growth model driven by traditional manufacturing to one driven by high-value, innovative sectors."

Deloitte predicts that in 2026, there will be approximately 160 new listings in Hong Kong's stock market, raising a total of over 300 billion HKD.

The first trading day of the 2026 Hong Kong stock market opened strongly on Friday. As of the midday break, the Hang Seng Index had risen by 2.18 percent, while the Hang Seng TECH Index was up by 3.38 percent.