The Hang Seng Index gained 27.77% in 2025, its highest growth since 2017

In 2025, the Hong Kong stock market made a tremendous recovery and returned to being the world’s top IPO venue for the first time since 2019. The amount raised by companies in 2025 topped HKD 280 billion (approximately USD 36 billion) for an incredible 224 percent increase from 2024.

Many companies also chose to list on the Hong Kong stock exchange during 2025, resulting in more new company listings than has been recorded at any time in Hong Kong’s history over 110 companies compared to more than 60 percent growth from 2024.

Market performance reflected this renewed strength. The Hang Seng Index gained 27.77% in 2025, its highest growth since 2017. The Hang Seng TECH Index also rose by 23.45% during the same year, indicating strong appetite among investors for technology and innovation-related industries. As Bonnie Chan, CEO of Hong Kong Exchanges and Clearing Limited (HKEX), stated in a recent blog post, "Two factors have led to increased capital inflow: First, since late 2024, global investors have been searching for diversification options in Asia. Hong Kong is a leading entry point." Second, Chan also observed that the changing development model of China from being a typical manufacturing hub to focusing on developing value-added and innovation-oriented industries, also encourages a growing interest in Chinese industries. There is still much optimism for the future as, according to Deloitte, Hong Kong's stock market will see approximately 160 new companies listed on the exchange in 2026 and total funds raised will exceed HKD 300 billion.

The optimism for the future was visible on the first day of trading in 2026; during the lunch break the Hang Seng Index had increased by 2.18% and the Hang Seng TECH Index had increased by 3.38%, which bodes well for a productive new year.