AsianFin -- Hong Kong’s equity capital markets saw a strong rebound in the first half of 2025, fueled by renewed global investor interest in the Chinese mainland and anticipation of a potential Shein IPO later this year.

A wave of major capital raises and a surge in “A to H” listings—where companies already listed on mainland exchanges seek secondary listings in Hong Kong—boosted market momentum, marking the strongest first-half performance since 2021.

Shein, the fast fashion giant, is aiming to go public in Hong Kong before year-end, Reuters reported in May, citing sources familiar with the matter.