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October 15, 2025Cryptopolitan logoCryptopolitan

Chinese firms turn to Hong Kong IPOs amid rising tensions with Washington

Chinese companies have withdrawn from listing in the ￰0￱ year amid rising tensions between Beijing and Washington, as well as increased regulatory scrutiny in the ￰1￱ provider Dealogic noted that the number of Chinese IPOs in Hong Kong has increased this ￰2￱ to Dealogic data, Chinese initial public offerings in the ￰3￱ plummeted 4% year-on-year in terms of deal value in ￰4￱ data provider also revealed that the IPOs have raised just $875.7 million from 23 deals this year, down 93% from the $13 billion across listings during the same period in ￰5￱ Kong aims to become a global leader in listings in 2025 Chinese IPOs surged in 2021 to near record highs.

Still, they slowed amid Beijing’s initiative to intensify supervision of domestic firms after the world’s leading transportation platform, DiDi Global, pushed its plans to go public in New York despite China’s ￰6￱ ride-hailing operator initiated its delisting process less than six months after its initial public ￰7￱ data showed that Chinese IPOs in Hong Kong rose by 164% ￰8￱ listed companies managed to raise a total of $18.4 billion from 56 initial public offerings. “Chinese listings in the ￰9￱ pretty much become non-existent since DiDi Global’s ill-fated IPO in the ￰10￱ will be increasingly challenging to receive a greenlight from China to list in the U.

S., especially for companies that fall under China’s government-orchestrated strategic industries.” -Perris Lee, Head of Equity Capital Markets for APAC at ￰11￱ said the challenge of Chinese firms listing in the ￰12￱ prompted them to shift towards listing in Hong ￰13￱ Kong, which is on track to become the world’s largest listing destination this year, has seen a rise in IPOs boosted by a flurry of billion-dollar ￰14￱ the new listings is Contemporary Amperex Technology’s% $5.3 billion IPO and Zijin Gold’s $3.2 billion ￰15￱ Hsiao, Head of China Equity Strategy at Macquarie, said the Asian financial hub has gained interest for IPOs due to a confluence of factors, including better fundraising conditions following Hong Kong’s supportive measures established in September last ￰16￱ also attributed the increased interest in listings in Hong Kong to the boom in the technology and artificial intelligence industry, driven by the unexpected rise of Chinese startup ￰17￱ Kong also introduced a Technology Enterprises Channel in May to facilitate IPO approvals for specialist technology and biotech companies, particularly those already listed in the ￰18￱ forecasts that Hong Kong will see up to 100 IPOs this year, with total fundraising expected to exceed $25.5 ￰19￱ believes IPOs will surge in Q4 through H1 of 2026 Peihao Huang, Head of Equity Capital Markets for Asia Pacific at J.

P. Morgan, acknowledged that expectations are high that momentum will continue into ￰20￱ added that the bank expects a very busy first half of 2026 as well, as Chinese firms listed in Hong Kong accelerate their pursuit of a dual listing on the mainland and a new ￰21￱ also acknowledged that investors have become optimistic about opportunities in Greater China, fueled by the strength of Beijing’s selective technologies, such as biotech and advanced manufacturing ￰22￱ said the selective technologies have attracted valuations in Chinese equities and have also prompted a cautious repositioning by global funds that have been underweight for ￰23￱ has tight controls on its IPO processes, which have caused a snarl-up for Chinese companies interested in ￰24￱ country halted Ant Group’s planned Hong Kong and Shanghai listing in 2020, less than 48 hours before what could have become the world’s largest IPO to ￰25￱ stated that Shein’s failed attempt to get listed in the ￰26￱ Beijing’s regulatory parameters for where its companies should be ￰27￱ failed to list in New York but shifted its focus to a Hong Kong listing after its proposed London IPO failed to secure approval from ￰28￱ your free seat in an exclusive crypto trading community - limited to 1,000 members.

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