郑板桥

HK IPO fundraising reaches $41b, as another record expected in 2026_我的网站

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    A view of Victoria Harbor, Hong Kong Photo: VCGAs of the beginning of August this year, IPO proceeds in Hong Kong have reached $41 billion, surpassing the full-year total of 2025, and another record is expected this year, an executive of the Hong Kong Exchanges and Clearing (HKEX) has said.
Bonnie Chan, CEO of the HKEX, made the remarks during an event held in Kuala Lumpur, Malaysia, the Hong Kong Economic Journal reported on Tuesday. She noted that in 2025, the city recorded 120 IPOs, raising $39.5 billion and ranking first among global fundraising platforms.
Global capital is refocusing on Asia, particularly China. In the past, capital was highly concentrated in the US market and in just one or two sectors. However, with changes in the political and macroeconomic landscapes, investors have come to recognize the need for risk diversification, and this trend is beneficial to both Malaysia and Hong Kong, said Chan.
Chan called on Malaysian companies to consider listing in Hong Kong to gain access to Chinese mainland investors. Malaysia supported 60 IPOs in 2025, the highest number in 20 years. If companies want to reach a broader investor base and deeper capital pools, Hong Kong is an ideal choice, she added.
Hu Qimu, a professor at the Maritime Silk Road Institute of Huaqiao University, told the Global Times on Wednesday that as a major international financial center, the HKEX's value in global resource allocation has become even more prominent, helping to attract capital from around the world.
During the event, Chan noted that market participants previously believed companies needed China-related business to list in Hong Kong, but this perception has changed in recent years. 
She noted that last year, a Dubai-based baby diaper company with operations concentrated in Africa and Latin America listed in Hong Kong. A few months ago, Indonesian gold mining company Modecta completed its IPO in the city. Neither company generates any revenue in the Chinese mainland. 
Hu noted that the HKEX boasts a broad international investor base, with information disclosure and corporate governance standards that are internationally recognized. 
Moreover, it has become an important platform and intermediary connecting international capital with industries in the Chinese mainland. For foreign companies, listing in Hong Kong is equivalent to opening the door to mainland investors and the pool of yuan capital, Hu added.
Several international financial institutions have also expressed confidence in the Hong Kong capital market. PwC expects Hong Kong's full-year IPO fundraising to reach HK$380 billion ($48.43 billion), with growth momentum expected to continue into 2027, driven by listings of leading Chinese mainland companies and strong interest from international investors in high-growth new economy sectors.
Goldman Sachs said on July 23 that the post-listing performance of new shares in Hong Kong has been quite outstanding. New shares listed between 2025 and 2026 are expected to achieve a median return of about 20 percent and an average return of 60 percent within three months after listing, far exceeding previous years. Goldman Sachs said that market liquidity is ample, and it has predicted that the full-year fundraising in 2026 will reach $60 billion.
Hu noted that backed by the steady and positive trajectory of China's economy and the continuous upgrading of its industrial chains, investment and IPOs in Hong Kong will become more active.
。    　　在武汉光谷，长江存储的“朋友圈”又一次扩容了。　　日前，17家集成电路企业在武汉完成集中签约，总投资额超过60亿元，中微公司、中科飞测、微导纳米、臻宝科技等悉数在列。　　这是今年1月官宣“梧桐树计划”后的第一批落地项目。

B | 《科创板日报》记者了解到，该计划由东湖高新区联合长江存储等链主企业共同推动，目标是以长江存储为中心、4.5公里为半径，在60平方公里范围内打造世界级存算一体化产业基地，光谷区内为此已经成立集成电路产业发展专班。签约当天，省委书记关志鸥会见了参与计划的企业家一行，长存控股董事长兼总裁陈南翔和以上企业董事长在座。　　可以看到，这批签约企业与“5分钟产业协同圈”的规划高度吻合——围绕长江存储这个圆心，每一环都指向同一个方向。　　半导体制造的起点是设备，中微公司是其中的代表。

C | 作为国内半导体设备龙头，中微已开发出54种高端半导体设备，覆盖刻蚀、薄膜、量检测、CMP湿法等领域。截至2026年6月底，公司累计已有超过8800个反应台在国内外220余条生产线实现量产，2025年营收约123.8亿元，创历史新高。本轮中微在光谷设立华中总部，聚焦核心半导体设备研发，已于7月28日完成武汉子公司注册，入驻光谷存算双创园，预计明年初正式投入运营。　　设备之外，模组和零部件的配套也在同步跟上。名单中的神州半导体做的是射频电源——刻蚀和沉积设备的“发动机”，其自研产品已批量导入中微公司、拓荆科技、北方华创等设备厂，适配逻辑芯片、存储芯片等先进制程。神州半导体同样落户光谷存算双创园，建设华中总部及研发中心，开展射频电源、匹配器等产品研发，目前正在注册全资子公司，预计明年一季度投入运营。　　设备、模组、零部件、材料逐一就位之后，还需要一道“把关人”——检测设备。中科飞测正是这个角色。其核心产品明/暗场纳米图形晶圆缺陷检测设备常被称为芯片制造的“眼睛”和“尺子”，在晶圆厂前道设备资本支出中占比约14%，是继光刻、薄膜沉积、刻蚀之后的第四大细分领域。

D | 截至目前，中科飞测产品已覆盖国内超70%的市场容量，累计出货超1500台。　　签约之后，中科飞测的华中研发生产基地项目将落户武汉未来科技城，从研发向制造延伸。中科飞测方面在现场表示，选择光谷的一大原因正是“链主就在隔壁”——晶圆在工序之间流转，运输距离越短，污染和破损的风险就越低，对良率提升是实打实的好处。　　生产制造端的能力搭建起来之后，设计端的创新力量也开始入驻。微纳核芯是全球技术领先的存算一体AI芯片公司，首创三维存算一体3D-CIM技术体系。公司计划在光谷存算双创园建设武汉研发中心，开展三维存算一体芯片相关技术研发。　　一个值得注意的细节是，这17家企业在光谷多数设的是研发中心，不是生产基地。

E | 研发中心意味着一批工程师、一批专利、一批技术标准会在这里沉淀下来。

F | 而在空间上，光谷正在以长江存储为中心、4.5公里为半径规划“5分钟产业协同圈”，这批签约企业都将在这个圈内落地。　　过去十年，省市区三级国资在存储产业上的累计投入超过300亿元。光谷现在聚集了超过300家集成电路产业链企业，产值从2014年的约50亿元涨到2025年的超千亿元，近五年平均增速30%，其锚定的目标是2030年建成世界级存算一体化产业基地。（文章来源：财联社）。

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Published on:08:36:05