New IPOs welcome news for Hong Kong

Two mainland Chinese companies intend to raise some US$1.1 billion by making their initial public offerings in Hong Kong.

Due to IPO are Zhengzhou Coal Mining Machinery Group Company and Shanghai Fosun Pharmaceutical (Group) Company.

Analysts said the renewed interest in Hong Kong might signal the drought in new listings in the city may be coming to an end. They expect the planned offerings to restore some life to the city's IPO market that has fallen to the third favorite IPO destination this year from first from 2008 to 2010.

Zhengzhou Coal, which is based in Henan province, plans to raise some US$500 million from the IPO. It will list on the Hong Kong stock exchange on Oct. 9. Shanghai Fosun plans to launch its IPO in September and to raise some US$600 million, according to sources.

Top News

HKEX launched Order Routing Service on Integrated Fund Platform

The move addressed some long-standing operational challenges.Hong Kong Exchanges and Clearing Limited (HKEX) launched the Order Routing Service that connects fund distributors and transfer agents on its Integrated Fund Platform (IFP).The new service is based on the Fund Repository system and helps transform the fund order placement process into a seamless and integrated system.Supported by the data network from Shenzhen Stock Exchange, the service promotes better efficiency and collaboration across the fund distribution network by enhancing communications between fund distributors and agents.IFP also welcomes an initial cohort of 33 distributors, transfer agents and fund houses.

Markets & Investing

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The partnership also aims to generate job opportunities and strengthen communities across both regions.The Hong Kong Trade Development Council (HKTDC) signed a Memorandum of Understanding (MOU) with United Overseas Bank Hong Kong Branch (UOB Hong Kong) at the ASEAN Conference 2025 in Singapore, a first of such a partnership for Hong Kong.The MOU aims to strengthen regional ties and promote sustainable growth by leveraging UOB’s extensive regional network and financial expertise, alongside HKTDC’s strengths in trade promotion, to access new markets, resources and professional knowledge.The MOU also promotes local enterprise development and economic resilience by matching local value chains with foreign direct investments(FDI).

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