Chinese Mainland and Hong Kong IPO Markets: 2024 Q3 review

According to KPMG's latest Chinese Mainland and Hong Kong IPO Markets 2024 Q3 review, Hong Kong has regained its position among the top five global IPO venues. This resurgence was largely driven by the listing of a major Chinese home appliance manufacturer during the quarter - the largest IPO in Hong Kong since 2022.

The Chinese mainland and Hong Kong stock markets have recently experienced their strongest weekly performances, fuelled by the government's newly announced stimulus package. The strategic initiative is expected to enhance liquidity inflows, which could significantly boost the number of large IPOs in Hong Kong for the remainder of 2024 and beyond. As a result, Hong Kong is well-positioned to strengthen its standing in the global IPO rankings, showcasing its resilience and appeal as a leading fundraising hub.