The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

    The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

    Until last year, Fidelity International’s most significant cornerstone commitments on the Hong Kong initial public offering (IPO) market dated back to 2021, when Chinese short-video platform Kuaishou Technology raised US$5.4 billion and healthcare firm Medlive Technology completed a US$543.4 million listing. Then for the next four years, the asset manager went quiet. Late last year…

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    Opinion | After celebrating its surplus, Hong Kong must work on sustaining it

      Opinion | After celebrating its surplus, Hong Kong must work on sustaining it

      After consecutive operating deficits, the operating account has returned to profit. Simultaneously, the consolidated account records a HK$2.9 billion (US$370.6 million) surplus for 2025/26, signalling stability. This turnaround is driven largely by a buoyant stock market and a stabilising property sector, reviving stamp duty revenues and investment income. This provides fiscal space for the government…

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