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

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

No.

Underwriter

Service Scale (HKD 100 mn)

1

China International Capital Corporation Hong Kong Securities Limited

1,069.66

2

Goldman Sachs (Asia) L.L.C.

1,050.51

3

The Hongkong and Shanghai Banking Corporation Limited

1,048.78

4

GF Securities (Hong Kong) Brokerage Limited

982.28

5

Haitong International Securities Company Limited

818.43

6

Citigroup Global Markets Asia Limited

793.47

7

Morgan Stanley Asia Limited

756.18

8

ABCI Securities Company Limited

747.02

9

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

742.68

10

Zhongtai International Securities Limited

635.87

11

CLSA Limited

625.56

12

Zero2IPO Securities Limited

614.22

13

Futu Securities International (Hong Kong) Limited

491.87

14

Tiger Brokers (HK) Global Limited

315.13

15

Huatai Financial Holdings (Hong Kong) Limited

309.21

16

Guosen Securities (HK) Capital Company Limited

266.08

17

J.P. Morgan Securities (Asia Pacific) Limited

244.64

18

BOCI Asia Limited

216.46

19

CMB International Capital Limited

188.07

20

Merrill Lynch (Asia Pacific) Ltd

186.94

21

ICBC International Securities Limited

171.15

22

Banco Santander, S.A.

135.96

23

East West Bank, Hong Kong Branch

135.96

24

UBS AG, Hong Kong Branch

135.96

25

CCB International Capital Limited

107.62

26

China Securities (International) Corporate Finance Company Limited

94.31

27

CMBC Securities Company Limited

67.51

28

Guosen Securities (HK) Brokerage Company, Limited

64.57

29

Deutsche Bank AG, Hong Kong Branch

58.94

30

Orient Securities (Hong Kong) Limited

57.78

31

Guolian Securities International Capital Co., Limited

50.97

32

Macquarie Capital Limited

48.95

33

Guotai Junan Securities (Hong Kong) Limited

41.35

34

Fortune (HK) Securities Limited

38.63

35

Huafu International Securities Limited

38.02

36

uSmart Securities Limited

36.47

37

Harmonia Capital Limited

36.47

38

Ping An Securities (Hong Kong) Company Limited

33.29

39

Zheshang International Financial Holdings Co., Limited

31.29

40

Huajin Securities (International) Limited

29.97

41

Yuan Tong Global Securities Limited

29.97

42

China Industrial Securities International Capital Limited

25.41

43

Mizuho Securities Asia Limited

25.41

44

Daiwa Capital Markets Hong Kong Limited

23.53

45

Shenwan Hongyuan Securities (H.K.) Limited

21.77

46

SPDB International Capital Limited

19.79

47

Yuet Sheung International Securities Limited

19.49

48

Neutral Financial Holding Company Limited

17.30

49

Yuexiu Securities Limited

16.06

50

China Harbour International Securities Limited

14.83

51

Patrons Securities Limited

14.61

52

SDIC Securities (Hong Kong) Limited

12.50

53

Jinluo Securities Limited

12.50

54

Livermore Securities Limited

12.45

55

Central China International Securities Co., Limited

12.25

56

Kingsway Corporation

10.06

57

First Shanghai Securities Limited

9.72

58

Sinolink Securities (Hong Kong) Company Limited

8.66

59

TradeGo Markets Limited

8.66

60

Get Nice Securities Limited

8.50

61

Eddid Securities and Futures Limited

8.00

62

Webull Securities Limited

6.87

63

BOCOM International Securities Limited

6.87

64

First Securities (HK) Limited

6.87

65

TFI Securities and Futures Limited

6.87

66

Somerley Capital Limited

6.82

67

Skyvast Securities Limited

6.82

68

CEB International Capital Corporation Limited

6.50

69

Silver Nile Global Investments Limited

6.50

70

DL Securities (HK) Limited

6.50

71

Sunfund Securities Limited

6.08

72

TradeMaster Securities (Hong Kong) Limited

6.00

73

SBI China Capital Financial Services Limited

6.00

74

TradeGo FinTech Limited

6.00

75

BNP Paribas Securities (Asia) Limited

6.00

76

UOB Kay Hian (Hong Kong) Limited

6.00

77

Celestial Securities Limited

6.00

78

West Bull Securities Limited

5.95

79

JA Securities Limited

4.03

80

Shanxi Securities International Limited

2.90

81

South China Securities Limited

2.90

82

Yuen Meta (International) Securities Limited

2.00

83

Victory Securities Company Limited

2.00

84

China Sunrise Securities (International) Limited

0.90

Source/Compiled by: Choice / NewTimeSpace Research Statistical
 Period: Q3 2026