Behind Hong Kong's 2025 IPO Boom: NewTimeSpace Bridges Specialized Tech Valuation Gap with "Technology + Expertise"

In 2025, global capital flow patterns underwent reconstruction amid volatility. According to NewTimeSpace Research statistics, HKEX hosted over 110 IPOs, raising more than HK$285 billion and securing its position as the global leader. Industry leaders such as CATL (03750.HK), SANY Heavy Industry (06031.HK), and Seres (09927.HK) each raised over HK$10 billion through H-share listings, becoming market drivers. This achievement not only signals Hong Kong's robust financing function recovery but also reflects capital markets' high attention to technology innovation assets. As of December 31, 2025, over 320 Hong Kong listing applications remained under review, establishing a solid foundation for 2026 market activity.

Against this backdrop of accelerated capital flows and increasingly complex asset structures, traditional financial information service logic faces bottlenecks, necessitating breakthroughs and upgrades.

Valuation Gap: Information Dilemma Amid Specialized Technology Rise

With the deepening implementation of HKEX Listing Rules Chapter 18A (pre-profit biotech companies) and Chapter 18C (specialized technology companies), specialized tech enterprises have gradually become the core incremental force in Hong Kong's market. In 2025, five companies including CiDi and Deepexi successfully listed under Chapter 18C, while nearly 20 applications from companies like Shenzhen CVA Innovation Co., Ltd, Basic Semiconductor, and Standard Robots remained under review. These enterprises focus on high-tech barrier fields such as generative AI, GPU, and autonomous driving, with highly specialized valuation logic and business models that demand greater investor sophistication.

For global investors, traditional information dissemination models centered on "news listing" can no longer meet precise decision-making needs. Industry practice shows that international financial media platforms represented by NewTimeSpace are exploring breakthrough paths through a "technology + expertise" dual-wheel drive model: leveraging AI technology to conduct real-time, systematic reviews of sponsor performance, cornerstone investor composition, and subscription multiples, transforming obscure hard-tech metrics such as Biren Technology's GPU energy efficiency ratio and Insilico Medicine's drug development cycles into actionable "corporate value profiles," effectively bridging cognitive gaps between tiered markets and real industries.

Efficiency Revolution: From "Scattered Information" to "Decision Support"

Facing massive unstructured data and volatile market conditions, the financial communications industry is reaching an efficiency inflection point, with AI technology reshaping the ecosystem.

NewTimeSpace's "NTS Intelligent Decision-Making Tool Suite" represents a typical transformation example, with its core differentiated advantage lying in adherence to "financial logic consistency." Relying on self-developed multilingual financial semantic models, NewTimeSpace no longer relies on mechanical translation when processing cross-timezone, multilingual financial information, but instead completes professional reconstruction of Chinese and English information within seconds. This "second-level creation + global distribution" capability effectively alleviates long-standing pain points in global asset allocation such as information feedback lag and logical distortion.

Value Perspective: Facilitating Global Value Narratives for Chinese Assets

In 2025, Chinese enterprises' "going global" and globalization strategies entered deep water, but due to language barriers and financial cultural differences, Chinese companies often face the dilemma of "misinterpreted value" in international markets, struggling to fully unleash asset potential.

A comparison of three cases—Xunce (03317.HK), 51World (06651.HK), and MiningLamp-W (02718.HK)—clearly demonstrates the enormous impact of differentiated value narratives: Despite solid fundamentals with its #1 position in real-time data services for China's asset management industry and "China's Palantir" benchmarking story, Xunce Technology's complex business model and persistent losses resulted in a listing journey requiring multiple submissions before success, highlighting challenges when core value isn't easily understood. In sharp contrast, 51World built highly attractive and recognizable narratives through its grand "Clone Earth" vision and clear "Physical AI First Stock" technology path, while MiningLamp Technology focused on "Enterprise-level Agentic AI" and the practical story of building "Trusted Productivity." This demonstrates that beyond hard technical and financial data, a value narrative that translates technical language into market language and paints a clear future vision serves as a crucial bridge connecting innovative companies with capital markets and ultimately winning recognition.

The core to solving this challenge lies not in expanding communication volume but in building a precise logical interpretation system. NewTimeSpace's market practice shows that interpreting Chinese enterprises' globalization strategies through international financial language enables global investors to accurately understand Chinese assets' growth logic and core value within a unified professional context. This cross-timezone, cross-cultural "information infrastructure" based on technology and professional interpretation is becoming crucial support for enhancing Chinese assets' global pricing power.

2026 Outlook: Deep Transformation of Financial Services

Looking ahead to 2026, artificial intelligence is driving breakthroughs in financial services into deeper domains. This transformation not only significantly improves information flow efficiency but also broadens financial service coverage and capacity by lowering professional information access barriers.

Financial communication paradigms are evolving beyond single "news reporting" toward companion-style "AI financial partners." Using NewTimeSpace Research as an example, its core capabilities centered on HKEX IPO data analysis and specialized technology enterprise value evaluation complement media focusing on niche sectors, jointly confirming a trend: deep content with authentic core and decision-reference value is becoming core assets that transcend cycles. Given notable valuation differences in hard-tech tracks like GPU and AI pharmaceuticals, the market increasingly needs enablers providing precise analysis through the "technology + expertise" model.

On the path of technology-enabled value discovery, how to break through time-space limitations and achieve steady wealth creation and inheritance will become a common challenge for all market participants in 2026.

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