On August 27, 2025, Hong Kong's IPO and securities trading growth propelled it as a global financial hub, as per the Securities and Futures Commission's Quarterly Report for April to June 2025. Highlights include a 610% increase in IPO funds raised, robust market performance, and expanded digital asset offerings.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On August 27, 2025, Hong Kong’s securities market demonstrated its resilience and continued growth, as highlighted in the Securities and Futures Commission’s ("SFC") Quarterly Report for April to June 2025. Hong Kong maintained its global leadership in initial public offerings ("IPOs"), with 51 IPOs and a significant year-on-year increase in funds raised, reaching over $128 billion. The market’s robustness was evident through its strong recovery from volatility in early April, with the Hang Seng Index reaching its highest level in three years and average daily turnover surging to $243.7 billion.
The SFC reported a 16% year-on-year increase in licence applications, with the asset and wealth management sector experiencing robust growth. Hong Kong-domiciled funds saw a 39% increase in assets under management ("AUM"), and the number of open-ended fund companies climbed by 56%. The SFC also approved three virtual asset ("VA") spot ETFs for staking, becoming the first in Asia Pacific to do so, and licensed 57 corporations to provide VA dealing services.
The SFC underscored its commitment to deepening connectivity and driving innovation in the capital markets. It forged closer ties with international markets, including the Central Bank of Ireland and Saudi Arabia’s Capital Market Authority, and participated in IOSCO's 'Global Week of Action Against Unlawful Finfluencers.' Additionally, the SFC collaborated with the Hong Kong Monetary Authority to address market speculation related to stablecoins and guided licensed corporations on preventing phishing and unauthorized trading. It also conducted a joint operation with the Independent Commission Against Corruption, leading to the arrest of former executives suspected of share manipulation and corrupt activities.
The SFC’s Chief Executive Officer, Ms. Julia Leung, noted that the quarter reflected a continuation of Hong Kong’s capital market growth momentum. The SFC remains dedicated to enhancing investor protection, facilitating market development, and strengthening the region’s status as an international financial center.
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