UBS: Hong Kong IPOs are expected to exceed HK$300 billion next year, ranking first globally.

According to Odaily Planet Daily, Li Zhenguo, Vice Chairman of UBS Global Investment Banking, stated that the Hong Kong Stock Exchange's Chapter 18C opens a new listing channel for technology companies. He anticipates 150 to 200 companies listing in Hong Kong next year, with the total IPO market size expected to reach HK$300 billion, ranking first globally. He believes consumer goods, high technology, and artificial intelligence will remain key themes next year. Continued interest rate cuts will remain a focus of the market, and the stabilization of mainland consumption will also benefit market development. Furthermore, the overall valuation of Greater China stocks is at a discount compared to US stocks, making them attractive. (Jinshi)