UBS: Hong Kong IPOs are expected to exceed HK$300 billion next year, ranking first globally.

Li Zhenguo, Vice Chairman of UBS Global Investment Banking, stated that the Hong Kong Stock Exchange's Chapter 18C opens a new listing channel for technology companies, and he expects 150 to 200 companies to list in Hong Kong next year, with a total IPO size of HK$300 billion, ranking first globally. He believes that consumer goods, high technology, and artificial intelligence will remain the main themes next year. Continued interest rate cuts will remain a focus of the market, and the stabilization of mainland consumption will also benefit market development. Furthermore, the overall valuation of Greater China stocks is at a discount compared to US stocks, making them attractive.