Hong Kong’s stock exchange is seeing a surge in activity, with over 400 companies planning to list, supported by new confidential filing rules and shifting global capital. Goldman Sachs projects the exchange will raise $60 billion this year, nearly doubling 2025’s total. This growth is driven by a shift toward “hard tech” including AI and robotics, as well as a younger generation of founders more open to mergers and domestic funding. While the market remains sensitive to Chinese regulatory policy, the current volume suggests a strengthening independent financial ecosystem capable of attracting diverse investors from Europe and India.

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