IPO募资额全球称冠

中国金融新闻网2025-12-18

2025年的全球资本市场舞台中央，香港再度成为最耀眼的聚光灯焦点，多项数据创下了历史新高。总体来看，今年香港新股市场已迎来超过100家新上市公司，其中不仅包含年内全球规模最大的两宗IPO，融资总额更是突破2700亿港元，在集资额上稳居全球首位。其中，“A+H”上市模式成为强劲引擎，上市数量在2025年创下历史新高。募资总额超1360亿港元，占据全部募资总额的半壁江山，与2024年相比更是增加超...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2592972850?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-12-18 17:31","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2592972850","market":"hk","top_or_hot":-1,"title":"IPO募资额全球称冠","media":"中国金融新闻网","content":"<div>\n<p>2025年的全球资本市场舞台中央，香港再度成为最耀眼的聚光灯焦点，多项数据创下了历史新高。总体来看，今年香港新股市场已迎来超过100家新上市公司，其中不仅包含年内全球规模最大的两宗IPO，融资总额更是突破2700亿港元，在集资额上稳居全球首位。其中，“A+H”上市模式成为强劲引擎，上市数量在2025年创下历史新高。募资总额超1360亿港元，占据全部募资总额的半壁江山，与2024年相比更是增加超...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251218174313a6b201d8&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IPO募资额全球称冠</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIPO募资额全球称冠\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-18 17:31 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251218174313a6b201d8&s=b><strong>中国金融新闻网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>2025年的全球资本市场舞台中央，香港再度成为最耀眼的聚光灯焦点，多项数据创下了历史新高。总体来看，今年香港新股市场已迎来超过100家新上市公司，其中不仅包含年内全球规模最大的两宗IPO，融资总额更是突破2700亿港元，在集资额上稳居全球首位。其中，“A+H”上市模式成为强劲引擎，上市数量在2025年创下历史新高。募资总额超1360亿港元，占据全部募资总额的半壁江山，与2024年相比更是增加超...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251218174313a6b201d8&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0955623706.USD","symbol_name":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) ACC","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251218174313a6b201d8&s=b","article_id":"2592972850","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251218174313a6b201d8&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2592972850","pubTimestamp":1766050275,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"总体来看，今年香港新股市场已迎来超过100家新上市公司，其中不仅包含年内全球规模最大的两宗IPO，融资总额更是突破2700亿港元，在集资额上稳居全球首位。募资总额超1360亿港元，占据全部募资总额的半壁江山，与2024年相比更是增加超220%。华泰证券分析认为，2026年港股市场的IPO融资可能仍将较为活跃。今年年初以来，恒生综指整体表现亮眼，涨幅超30%，同样指引明年港股主板的IPO融资热度有望维持高位。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"80388":"香港交易所-R","LU0955623706.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) ACC","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","LU1807302812.USD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (USD) ACC","LU1734074674.USD":"NINETY ONE GSF ASIA PACIFIC FRANCHISE \"A\"(USD) ACC","IE00BZ08YR35.GBP":"GUINNESS BEST OF CHINA \"C\" (GBP) ACC","LU0117841782.USD":"JPM GREATER CHINA \"A\" (USD) INC","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU0043850808.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AD\" INC","LU0819123356.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (HKD) ACC","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU2449936058.SGD":"SUSTAINABLE ASIA EQUITY \"AA\" (SGD) ACC","LU0210527791.USD":"JPM ASIA PACIFIC INCOME \"A\" (USD) ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","IE00BZ08YT58.USD":"GUINNESS BEST OF CHINA \"C\" (USD) ACC","LU0856984785.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"ACH\" (SGDHDG) ACC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU1504937902.USD":"CT (LUX) I ASIAN EQUITY INCOME \"DUP\" (EUR) INC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","IE0003795394.USD":"BNY MELLON ASIAN EQUITY \"A\" (USD) ACC","SG9999002463.SGD":"LionGlobal China Growth SGD","LU0096374516.USD":"CT (LUX) I ASIA EQUITY INCOME \"DU\" (USD) ACC","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","HKXCY":"香港交易所ADR","LU1226287529.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) ACC","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU1642822792.SGD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"A\" (SGD) ACC","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","00388":"香港交易所","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU0762542818.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM\" (HKD) INC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","LU0165289439.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AC\" ACC","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","LU0149534421.HKD":"SCHRODER ISF HONG KONG EQ \"A\" ACC","BK1131":"金融交易所和数据","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC"},"translate_title":"IPO fundraising ranks first in the world","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80388":0.6,"HKXCY":0.6,"00388":0.9,"HEXmain":0.6},"content_text":"2025年的全球资本市场舞台中央，香港再度成为最耀眼的聚光灯焦点，多项数据创下了历史新高。总体来看，今年香港新股市场已迎来超过100家新上市公司，其中不仅包含年内全球规模最大的两宗IPO，融资总额更是突破2700亿港元，在集资额上稳居全球首位。其中，“A+H”上市模式成为强劲引擎，上市数量在2025年创下历史新高。募资总额超1360亿港元，占据全部募资总额的半壁江山，与2024年相比更是增加超220%。同时，“A+H”的上市速度也在不断提升，平均上市时间为4至6个月，其中最快的一宗仅用了约3个月。尤其引人注意的是，港交所目前正在处理的上市申请已超过310宗，也创下历史新高。这份亮丽的成绩单，标志着香港IPO市场已经从复苏走向了强劲增长，业内多家机构给出了积极的展望。华泰证券分析认为，2026年港股市场的IPO融资可能仍将较为活跃。首先是当前港股已递表处理中的上市申请已超310家，项目储备丰富。其次从年度维度看，通常前一年二级市场的表现会影响上市公司的递表决策。今年年初以来，恒生综指整体表现亮眼，涨幅超30%，同样指引明年港股主板的IPO融资热度有望维持高位。毕马威中国香港资本市场组主管合伙人刘大昌认为，香港重登榜首充分展现了其资本市场的韧性和国际金融中心地位。他表示，越来越多高科技及生物科技企业选择来港上市，凸显了本地支持政策及健全监管环境的吸引力。他预计随着政策持续推动创新，2026年将是高科技企业上市的关键一年，将进一步巩固香港作为环球资本市场领导者的地位。安永大中华区上市服务主管合伙人何兆烽从市场结构角度出发，认为当前内地与香港资本市场已进入互补发展阶段，国际资本持续涌入与南下资金加速流入，正推动港股投资者结构从“外资主导”转向“内外资双轮驱动”，在市场政策等多重作用下实现规模增长与结构升级。值得注意的是，华泰证券同时表示，虽然超过310家的处理中申请预示着2026年港股IPO融资可能保持活跃，但“排队数量不等于上市数量”也是一个市场现实。该机构援引数据显示，截至2025年12月中旬，2025年内的上市成功率约为35%，这意味着大量递表企业最终可能未能成功挂牌。华泰证券提醒，企业最终能否上市至少受三方约束：一是港交所、投行、律所等各参与方的处理产能存在上限；二是审核、聆讯与回复的具体进度；三是最关键的市场环节——能否吸引足够数量的投资者认购，这完全由市场决定，可能导致上市推迟或取消。可以说，在今年强势反弹后，香港市场未来如何发展是大家普遍关注的焦点。对此，香港交易所集团行政总裁陈翊庭在回顾过去一年时表示，两大核心驱动力成就了市场的优异表现：一是全球资本在宏观不确定性中寻求多元化配置的大趋势，使作为联通世界枢纽的香港率先受益；二是中国经济增长模式向高附加值、创新型产业驱动转变的“DeepSeek时刻”，吸引资本流入，并推动更多内地企业利用香港平台加速国际化。基于此，陈翊庭也阐述了港交所未来的发展蓝图。首先是巩固核心优势。她明确表示，与内地市场的互联互通是港交所相比其他国际交易所的最大优势，未来必须持续优化这一机制，推动中国资本市场进一步开放和人民币国际化进程。其次是拓展区域联通。她表示，未来十年要推动亚洲其他市场与中国机遇的互联互通。港交所旨在利用其中国优势，打造一个具有全球吸引力的“区域流动性池”：一方面将东南亚等激动人心的亚洲机遇带给内地投资者，另一方面吸引更多亚洲资本投资内地市场，实现资本在亚洲范围内的更高效配置。最后是扩大上市公司来源。她表示，今年以来赴港上市的内地企业愈发国际化，半数公司有相当比例收入来自境外。同时，港交所已迎来来自印尼、哈萨克斯坦、新加坡等多国的企业上市。未来，港交所将继续利用其平台，吸引更多国际公司尤其是亚洲其他地区的公司来港上市，使香港真正成为全球投资者分享亚洲增长机遇的理想市场。来源：金融时报客户端记者：李自钦编辑：杨晶贻","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592972850","isCrawlerRequest":true}