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Chinese stocks: Best opening in years with 80% rally
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Hong Kong to be among top three IPO hubs in 2023, with fundraising set to double to US$26 billion

The number of initial public offerings (IPOs) in Hong Kong is likely to drop 19 per cent this year amid a global slowdown, but the city’s stock exchange should regain bragging rights as one of the world’s top three markets by facilitating twice as much fundingraising in 2023, according to PwC.
Hong Kong to be among top three IPO hubs in 2023, with fundraising set to double to US$26 billion
Hong Kong saw 69 IPOs in the first 11 months of 2022, and PwC expects this to reach 80 by the end of December, bringing the year’s total funds raised to HK$105.6 billion (US$13.6 billion).
A stable capital market, as well as regulatory reforms and enhancements, should fill the city’s IPO pipeline with more listing applications next year, according to Benson Wong, entrepreneur group leader at PwC Hong Kong.
We expect Hong Kong’s IPO market to rebound in 2023 as factors such as major interest rate hikes by central banks are gradually digested,” Wong said.
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