Hong Kong’s Financial Secretary said first-quarter IPO fundraising exceeded HK$103 billion by March 27, placing the city first globally for IPO proceeds. He added that average daily stock turnover topped HK$260 billion in the first two months of the year and exceeded HK$300 billion in March, indicating stronger trading activity. Total fundraising, including follow-on offerings, reached about HK$237 billion, adding to signs of a broader rebound in Hong Kong’s capital markets.