KPMG – Chinese Mainland and Hong Kong IPO Markets, 2024

In its mid-year review, KPMG highlights Hong Kong's support for innovative technologies through its new listing regime for Specialist Technology Companies. Despite a slow start to 2024, positive signs indicate a potential uptick in IPO activities in the latter half of the year. Hong Kong recently welcomed its first IPO under Chapter 18C, featuring a company with an AI-powered drug research platform, showcasing the city's commitment to technology and innovation. Additionally, the CSRC introduced measures to encourage leading Mainland Chinese enterprises to list in Hong Kong and strengthen the connectivity between the two capital markets. These efforts aim to further enhance Hong Kong's status as a regional innovation hub and increase the competitiveness of both markets.