On October 7, 2024, CBI released the "Hong Kong IPO Listing and Application – 2024 Q3 Key Review" report. The large-scale listing of Midea Group on the HKEx in September not only made it the second-largest IPO globally this year but also helped the HKEx regain its position as the fourth-largest IPO market worldwide in Q3.

Regarding IPO applications, the total number of applications in the first three quarters of 2024 is similar to that of last year. However, the number of new applicants has increased by 12%. With measures from China to stimulate the economy, the Hong Kong IPO market seems to be gradually recovering. The market is still adopting a “wait-and-see” attitude, hoping that the government measures will have substantial impacts to the market over the next half year and further support the IPO market.