NewTimeSpace News: Since the beginning of 2026, the Hong Kong stock market has successfully attracted over 25 new listings, raising a combined total of more than HK$87 billion. With nearly 500 companies currently in the IPO pipeline, market vibrancy continues to climb. Phillip Hk Newly Listed Equities Index Etf (02835.HK) surged over 8% in early trading.

Data from HKEX shows that the ETF tracks the Solactive HK Newly Listed Equities Index, which specifically covers newly listed and recent listings on the Hong Kong Stock Exchange, providing investors with Beta exposure to the early-stage performance of Hong Kong's IPO market. The fund's holdings are concentrated on technology and new economy leaders listed in Hong Kong in recent years, exhibiting distinct high-growth and high-volatility characteristics.

It is worth noting that Hong Kong's IPO market demonstrates significant "first-day effects" and early-stage volatility. Through indexed investing, this ETF diversifies the risk of individual stocks breaking their issue prices, systematically capturing the growth dividends of new economy companies during their initial listing period.

Recently, Bonnie Chan, Chief Executive Officer of HKEX, expressed optimism about the performance of Hong Kong's IPO market. She noted that IPO fundraising in Hong Kong has exceeded US$10 billion this year, surpassing 25% of last year's total of US$38 billion. She emphasized that global attention toward Asian markets has significantly increased in recent years, with numerous international investors actively seeking opportunities to invest in Hong Kong, Mainland China, and the broader Asian market, bringing additional growth momentum to Hong Kong's equity market.

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