NewTimeSpace | Quarterly Ranking of Hong Kong IPO Underwriters by Number of Service Mandates (Q3 2026)

NewTimeSpace Research Institute data show 84 institutions underwrote HK IPOs in Q3 2026. Futu Securities (HK) led with 20 mandates, ahead of CLSA and Tiger Brokers (HK) at 11 each, CICC HK and Huatai at 8, CMB International at 7, and GF (HK), Haitong Int'l, ABCI and CMBC at 6 each. The 21 firms with 4+ mandates took most deals, while 48 tail-end firms served just one each; internet brokers and Chinese houses led.

Quarterly Ranking of Hong Kong IPO Underwriters by Number of Service Mandates (Q3 2026)

NO.

Lead Underwriter (English)

Number of Underwriting Projects

1

Futu Securities International (Hong Kong) Limited

20

2

CLSA Limited

11

3

Tiger Brokers (HK) Global Limited

11

4

China International Capital Corporation Hong Kong Securities Limited

8

5

Huatai Financial Holdings (Hong Kong) Limited

8

6

CMB International Capital Limited

7

7

GF Securities (Hong Kong) Brokerage Limited

6

8

Haitong International Securities Company Limited

6

9

ABCI Securities Company Limited

6

10

CMBC Securities Company Limited

6

11

Zhongtai International Securities Limited

5

12

BOCI Asia Limited

5

13

CCB International Capital Limited

5

14

Huafu International Securities Limited

5

15

SPDB International Capital Limited

5

16

Goldman Sachs (Asia) L.L.C.

4

17

The Hongkong and Shanghai Banking Corporation Limited

4

18

Citigroup Global Markets Asia Limited

4

19

ICBC International Securities Limited

4

20

Shenwan Hongyuan Securities (H.K.) Limited

4

21

Yuet Sheung International Securities Limited

4

22

Morgan Stanley Asia Limited

3

23

China Galaxy International Securities (Hong Kong) Co., Limited

3

24

Guosen Securities (HK) Capital Company Limited

3

25

J.P. Morgan Securities (Asia Pacific) Limited

3

26

Guosen Securities (HK) Brokerage Company, Limited

3

27

Yuexiu Securities Limited

3

28

First Shanghai Securities Limited

3

29

Merrill Lynch (Asia Pacific) Ltd

2

30

China Securities (International) Corporate Finance Company Limited

2

31

Orient Securities (Hong Kong) Limited

2

32

Macquarie Capital Limited

2

33

Guotai Junan Securities (Hong Kong) Limited

2

34

Fortune (HK) Securities Limited

2

35

uSmart Securities Limited

2

36

Harmonia Capital Limited

2

37

Ping An Securities (Hong Kong) Company Limited

2

38

Neutral Financial Holding Company Limited

2

39

China Harbour International Securities Limited

2

40

Patrons Securities Limited

2

41

SDIC Securities (Hong Kong) Limited

2

42

Jinluo Securities Limited

2

43

Livermore Securities Limited

2

44

Get Nice Securities Limited

2

45

Eddid Securities and Futures Limited

2

46

Shanxi Securities International Limited

2

47

South China Securities Limited

2

48

Zero2IPO Securities Limited

1

49

Banco Santander, S.A.

1

50

East West Bank, Hong Kong Branch

1

51

UBS AG, Hong Kong Branch

1

52

Deutsche Bank AG, Hong Kong Branch

1

53

Guolian Securities International Capital Co., Limited

1

54

Zheshang International Financial Holdings Co., Limited

1

55

Huajin Securities (International) Limited

1

56

Yuan Tong Global Securities Limited

1

57

China Industrial Securities International Capital Limited

1

58

Mizuho Securities Asia Limited

1

59

Daiwa Capital Markets Hong Kong Limited

1

60

Central China International Securities Co., Limited

1

61

Kingsway Corporation

1

62

Sinolink Securities (Hong Kong) Company Limited

1

63

TradeGo Markets Limited

1

64

Webull Securities Limited

1

65

BOCOM International Securities Limited

1

66

First Securities (HK) Limited

1

67

TFI Securities and Futures Limited

1

68

Somerley Capital Limited

1

69

Skyvast Securities Limited

1

70

CEB International Capital Corporation Limited

1

71

Silver Nile Global Investments Limited

1

72

DL Securities (HK) Limited

1

73

Sunfund Securities Limited

1

74

TradeMaster Securities (Hong Kong) Limited

1

75

SBI China Capital Financial Services Limited

1

76

TradeGo FinTech Limited

1

77

BNP Paribas Securities (Asia) Limited

1

78

UOB Kay Hian (Hong Kong) Limited

1

79

Celestial Securities Limited

1

80

West Bull Securities Limited

1

81

JA Securities Limited

1

82

Yuen Meta (International) Securities Limited

1

83

Victory Securities Company Limited

1

84

China Sunrise Securities (International) Limited

1

Source/Compiled by: Choice / NewTimeSpace Research 

Statistical Period: Q3 2026

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