FILE: Hong Kong, China - Date Unknown (CGTN - No access Chinese mainland)
1. Various of Hong Kong Exchanges and Clearing Limited (HKEX) building, flags
2. Various of screens showing stock market information

FILE: Hong Kong, China - Oct 2, 2024 (CCTV - No access Chinese mainland)
3. Various of building, sign of Exchange Square

FILE: Hong Kong, China - Date Unknown (CGTN - No access Chinese mainland)
4. Bull sculpture outside HKEX

FILE: Hong Kong, China - Oct 2024 (CCTV - No access Chinese mainland)
5. Various of interior of HKEX

FILE: Beijing, China - Jan 28, 2025 (CCTV Video News Agency - No access Chinese mainland)
6. Various of screen showing website of DeepSeek

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
7. Robot designers working in office

FILE: Chengdu City, Sichuan Province, southwest China - Date Unknown (CCTV - No access Chinese mainland)
8. Engineer testing mechanical hand

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
9. Various of robot organizing dishes; putting fruit into basket

FILE: Hong Kong, China - Dec 2023 (CGTN - No access Chinese mainland)
10. Various of traffic, pedestrians

FILE: Hong Kong, China - Date Unknown (CGTN - No access Chinese mainland)
11. Aerial shot of Victoria Harbor, cityscape

FILE: Hong Kong, China - Date Unknown (CCTV - No access Chinese mainland)
12. Aerial shot of cityscape

Hong Kong ranked as the world's top IPO venue in 2025, with record-setting average daily trading volumes and fundraising levels rising sharply from a year earlier, the Hong Kong Exchanges and Clearing Limited (HKEX) announced on Monday.

As of Dec 19, HKEX IPOs raised a total of 274.6 billion Hong Kong dollars (about 35.29 billion U.S. dollars) from 106 new listings, with four companies in the world's top 10 IPOs of 2025. Companies listed on HKEX raised 66 billion U.S. dollars in follow-on offerings, highlighting the vibrancy and depth of Hong Kong's capital markets, the HKEX said.

Data show that for the cash market, average daily turnover in the first 11 months of 2025 reached 230.7 billion Hong Kong dollars, an increase of 43 percent year on year.

Global capital flowed back to Hong Kong in 2025, driven by the "DeepSeek moment," innovative technology initiatives and sweeping market reforms. Since the implementation of Chapter 18A and 18C of the Exchange's Listing Rules, 88 biotech and specialist technology companies have listed on HKEX, reflecting robust investor interest in cutting-edge sectors, the HKEX said.