More than 100 companies have listed in Hong Kong this year, raising over $40 billion and surpassing the $37 billion raised during all of 2025. HKEX CEO Bonnie Chan said the pipeline extends beyond AI and technology to biotechnology, mining and consumer companies, with more high-quality issuers seeking to complete IPOs before year-end. HKEX also reported record half-yearly revenue and profit, with net profit rising 24% year on year to HK$10.57 billion ($1.35 billion). Follow-on offerings have exceeded $50 billion year to date, compared with $66 billion for all of last year. Average daily turnover, or ADT (average value traded each day), has exceeded HK$280 billion, up from HK$250 billion for the whole of 2025. Chan said liquidity was being supported by mainland Chinese money, international institutional investors, IPOs and AI-related activity, while increased trading outside Southbound flows indicated stronger participation from global investors and regional retail investors.