Hong Kong’s Stock Market Makes a Huge Comeback! 🎉
Hey there! Have you heard the exciting news from Hong Kong? The city’s stock market is bouncing back in a big way! 📈
What Happened?
This year, a company called Contemporary Amperex Technology Co. Limited (we can call it CATL for short) made a record-breaking debut on the Hong Kong Stock Exchange. CATL is the world’s largest maker of batteries for electric vehicles, like electric cars and buses! 🚗🔋
Their initial public offering (or IPO) raised a whopping $4.6 billion! That’s like having 460 million packs of 10-dollar bills! 💰 This huge event shows that Hong Kong is once again a top place for companies to raise money by selling shares of their business.
Why Is This a Big Deal?
A couple of years ago, from 2022 to 2023, things were a bit slow for Hong Kong’s stock market. There were some global disagreements and uncertainties that made it hard for companies to raise money. But now, in 2025, the market is back and better than ever! 🎊
This year alone, Hong Kong has raised over $7.7 billion from new companies listing on the stock exchange. That’s six times more than last year! And guess what? Hong Kong is now leading the world in the amount of money raised through IPOs! 🌍🏆
Tech Companies Lead the Way 💡
Companies like CATL are helping drive this comeback. Their shares went up by 16.4% on the first day! That’s a big jump, showing that people are really excited about companies that bring new and innovative technologies. 🚀
CATL’s chairman, Robin Zeng, said that this listing is a new beginning for them to promote a “global zero-carbon economy.” That means they want to help the world use cleaner energy that doesn’t pollute the environment. 🌿
Policies Helping Companies Grow
The Chinese mainland has introduced new policies to make it easier for big companies to list on the Hong Kong Stock Exchange. This includes making approval processes faster and giving tax incentives. Because of this, many large companies are planning to list in Hong Kong to get money for research and to expand overseas. 📝✈️
Over 20 companies have applied to list in Hong Kong this year, including famous ones like Hengrui, a leading pharmaceutical company, and Junshan Electronics, which makes parts for electric vehicles. 🔬🔧
What Does This Mean for Us?
This exciting news shows how technology and finance can work together to create big opportunities. Maybe one day, you might be part of a company that changes the world and makes headlines like this! Keep dreaming big! 🌟
Reference(s):
Hong Kong's IPO resurgence: Tech-capital synergy forges win-win path
cgtn.com
