Institutions Bullish on Hong Kong IPO Market Outlook! Phillip Hk Newly Listed Equities Index ETF (02835.HK) Surges Over 4% at the Open

NewSpace News: On April 9, the Hong Kong stock market faced pressure at the open, with the Hang Seng Index opening lower by 0.53%, the Hang Seng China Enterprises Index down 0.62%, and the Hang Seng Tech Index down 1.11%. Despite recent volatility in Hong Kong equities, the IPO market remains red-hot, with Phillip Hk Newly Listed Equities IndexETF(02835.HK) surging over 4% at the open.

According to Hong Kong Stock Exchange data, the fund tracks the Solactive Hong Kong New Listings Index, which specifically covers newly listed and recently listed stocks on the Hong Kong Exchange, providing investors with beta exposure to the early performance of Hong Kong's IPO market. The fund's holdings are concentrated in leading technology and new economy companies that have listed in Hong Kong in recent years, exhibiting distinct high-growth, high-volatility characteristics.

Market Outlook: Industry insiders maintain an optimistic outlook for Hong Kong's capital market prospects. Lu Zhihong, Southern China Lead Partner for IPO Services at Deloitte China's Capital Market Services Group, noted that in the first quarter of this year, the vast majority of new listings and fundraising amounts in Hong Kong's IPO market came from the Technology, Media and Telecommunications (TMT) sector. This fully demonstrates that Hong Kong regulators have achieved remarkable success in attracting innovative and new economy companies to list in Hong Kong through the establishment of supportive listing frameworks.

Full-year forecast: Deloitte China Capital Market Services predicts that with the strong pipeline of over 500 companies having submitted listing applications, Hong Kong will welcome approximately 160 new listings in 2026, with total fundraising reaching no less than HK$300 billion.

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