US Delisting Chinese Stocks on Plan, Market Spotlights Potential Return to HK IPO Market

The conflicts surrounding Trump’s "reciprocal tariffs" continue to escalate. with Treasury Secretary Bessent mentioning the possibility of delisting Chinese stocks in the US during a recent interview. The market is closely watching the potential impacts of this decision. As the policy uncertainty risk associated with Chinese company listing in HK is relatively low, the HK IPO market will become increasingly important for the Chinese capital market.

According to our statistics, the total fundraising in HK IPO market for Q1 2025 has increased by over 2.5 times compared to the same period last year, and the number of new listing applicants has also grown by 72%. The atmosphere of the IPO market in Q1 2025 has been vibrant, and whether this momentum can be maintained will become the focus of market attention.