Chinese Mainland and Hong Kong IPO Markets 2024 mid-year review

Hong Kong debuted its first listing under the listing regime for Specialist Technology Companies (Chapter 18C), as the city continues to support and embrace innovative technologies, according to KPMG's latest Chinese Mainland and Hong Kong IPO Markets 2024 mid-year review. Despite a slow start to 2024, a number of positive signs are pointing towards a pick-up in Hong Kong Initial Public Offering (IPO) activities for the latter half of 2024. 

During the quarter, Hong Kong welcomed its first IPO under Chapter 18C, featuring a company equipped with an AI-powered drug research platform. The city has a long-standing commitment to fostering innovation and technology, and the listing of technologically advanced companies in Hong Kong would further enhance the city's status as a regional innovation hub.

Meanwhile, the CSRC recently introduced five measures, which includes encouraging leading enterprises from the Chinese Mainland to list in Chinese Hong Kong. Other measures aim to enhance the mutual accessibility between the capital markets of the Chinese Mainland and Hong Kong, in order to further strengthen the connectivity and competitiveness of both capital markets.