高盛：香港今年ECM融资有望突破1000亿美元

智通财经03-09

智通财经APP获悉，高盛全球银行及市场部董事总经理、香港企业客户主管梁睿熙(Jacky Leung)在接受媒体访问时表示，今年香港ECM(股票资本市场)融资规模有望突破1000亿美元(约7800亿港元)，将超越去年约971亿美元的水平。高盛估算，今年香港IPO融资规模料达280亿美元(企业以先A后H方式料筹180亿美元)，后续发行约400亿美元，可换股债券(CB)约210亿美元，全年港股融资规模将...

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/2618617470?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-03-09 14:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2618617470","market":"us","top_or_hot":-1,"title":"高盛：香港今年ECM融资有望突破1000亿美元","media":"智通财经","content":"<div>\n<p>智通财经APP获悉，高盛全球银行及市场部董事总经理、香港企业客户主管梁睿熙(Jacky Leung)在接受媒体访问时表示，今年香港ECM(股票资本市场)融资规模有望突破1000亿美元(约7800亿港元)，将超越去年约971亿美元的水平。高盛估算，今年香港IPO融资规模料达280亿美元(企业以先A后H方式料筹180亿美元)，后续发行约400亿美元，可换股债券(CB)约210亿美元，全年港股融资规模将...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1411535.html\">网页链接</a>\n\n</div>\n","source":"stock_zhitongcaijing","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>高盛：香港今年ECM融资有望突破1000亿美元</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\">\n高盛：香港今年ECM融资有望突破1000亿美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-09 14:38 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1411535.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，高盛全球银行及市场部董事总经理、香港企业客户主管梁睿熙(Jacky Leung)在接受媒体访问时表示，今年香港ECM(股票资本市场)融资规模有望突破1000亿美元(约7800亿港元)，将超越去年约971亿美元的水平。高盛估算，今年香港IPO融资规模料达280亿美元(企业以先A后H方式料筹180亿美元)，后续发行约400亿美元，可换股债券(CB)约210亿美元，全年港股融资规模将...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1411535.html\">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":"LU2237443978.SGD","symbol_name":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1411535.html","article_id":"2618617470","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618617470","pubTimestamp":1773038328,"columns":[],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"智通财经APP获悉，高盛全球银行及市场部董事总经理、香港企业客户主管梁睿熙在接受媒体访问时表示，今年香港ECM融资规模有望突破1000亿美元，将超越去年约971亿美元的水平。高盛估算，今年香港IPO融资规模料达280亿美元，后续发行约400亿美元，可换股债券约210亿美元，全年港股融资规模将突破1000亿美元。至于并购及再融资方面，梁睿熙表示受惠于香港股票市场表现转好，市场有更充裕资金并购下，相信今年并购将会是更佳的一年。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","BK4552":"Archegos爆仓风波概念","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","GSX":"Tradr 2X Long GS Daily ETF","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","BK4585":"ETF&股票定投概念","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4127":"投资银行业与经纪业","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","BK4533":"AQR资本管理(全球第二大对冲基金)","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4107":"财产与意外伤害保险","LU0251142724.SGD":"Fidelity America A-SGD","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","BK4516":"特朗普概念","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4559":"巴菲特持仓","BK4504":"桥水持仓"},"translate_title":"Goldman Sachs: Hong Kong's ECM financing is expected to exceed $100 billion this year","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GSX":0.6},"content_text":"智通财经APP获悉，高盛全球银行及市场部董事总经理、香港企业客户主管梁睿熙(Jacky Leung)在接受媒体访问时表示，今年香港ECM(股票资本市场)融资规模有望突破1000亿美元(约7800亿港元)，将超越去年约971亿美元的水平。高盛估算，今年香港IPO融资规模料达280亿美元(企业以先A后H方式料筹180亿美元)，后续发行约400亿美元，可换股债券(CB)约210亿美元，全年港股融资规模将突破1000亿美元。在今年280亿美元的IPO融资中，A股公司香港上市“A+H”的规模估计约180亿美元。A+H股热潮短期难逆转，梁睿熙预料今年香港将迎来更多来自资源、TMT(科技、媒体与电讯)的大型“A+H”上市案例。梁睿熙表示，有许多外资重返香港，此趋势于去年下半年特别显著，高盛有许多IPO项目的建薄构成，基本上已回复至2021年水平，由基石投资者、锚定投资者及公众散户完整地构成，而且多个国际欧美“王牌”基金亦回归香港一级市场，他相信“A+H”股热潮，以及国际基金参与港IPO的趋势，于短期内不会逆转。至于并购及再融资方面，梁睿熙表示受惠于香港股票市场表现转好，市场有更充裕资金并购下，相信今年并购将会是更佳的一年。他提到，预计今年发可换股债(CB)活动更为活跃，其可配合股份回购等，减低股东持股比例摊薄效应、甚或最终会增加股东持股比例，同时亦可以满足企业的集资需求。梁睿熙表示，高盛在承接IPO项目时设有严谨的公司筛选过程，并非常重视保荐质量，更认为质量为促使公司上市后再融资成功的主要因素，同时高盛也没有出现保荐工作人手不足的情况，更不会降低费用或牺牲保荐质量去抢占IPO保荐市场份额。香港IPO申请数量创新高，但IPO的承销费用却迎来20多年低位。梁睿熙承认，高盛亦无可避免地受到部分投行减价所影响，但他表示高盛收取的费率亦反映出其服务质量。他强调，虽然高盛重视质量，但非按其项目规模大小去决定承接项目与否，他表示公司过去亦有其他考虑因素而不承接大型项目。梁睿熙提到，作为上市保荐协调人，于整体IPO股份分配份额上亦需要技巧，他指出持续于后市支持公司的长线投资者，一般而言占建薄分配份额的50%。但同时要顾及上市后的股票流动性，同时要给予市场进出动作较多的其他基金及散户等，在股份市场流动性，以及上市后股价表现之间取得平衡。另外，他提到，协助公司上市时亦需要挖掘出与竞争对手分别、如何叙述同意公司故事亮点，以及估值定价如何去拿捏，均影响公司上市初期及上市后股价表现。梁睿熙称，高盛希望做到与客户共同成长，亦会主动帮助处于发展前期的人工智能(AI)或其他科技细分领域公司，希望可以“kingmake(造王)”协助公司将来成为龙头企业，并复制之前的成功经验，以及让每一个领域的公司，将来可发展成以万亿元市值为目标。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":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":"4.42.0","shortVersion":"4.42.0","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/2618617470","isCrawlerRequest":true}