AsianFin -- Hong Kong’s equity capital markets staged a strong comeback in the first half of 2025, buoyed by renewed global investor interest in China and growing anticipation around a potential Shein IPO later this year.

A wave of large-scale capital raisings and a surge in “A to H” listings—where mainland-listed companies seek secondary listings in Hong Kong—revitalized the city’s sluggish markets, delivering the strongest first-half performance since 2021.