On October 9, KPMG announced that by the end of September, the Hong Kong stock market had nearly 300 listing applications, a record high. In the first three quarters of 2025, the scale of capital raised and the number of listings in the global IPO market increased by 32% and 3% year-on-year, and the Hong Kong Stock Exchange topped the list. Liu Dachang, managing partner of KPMG's Hong Kong Capital Markets Group, said that the Hong Kong Stock Exchange is expected to top the global stock exchange list by the end of 2025.

On October 9, KPMG announced that by the end of September, the Hong Kong stock market had nearly 300 listing applications, a record high. In the first three quarters of 2025, the scale of capital raised and the number of listings in the global IPO market increased by 32% and 3% year-on-year, and the Hong Kong Stock Exchange topped the list. Liu Dachang, managing partner of KPMG's Hong Kong Capital Markets Group, said that the Hong Kong Stock Exchange is expected to top the global stock exchange list by the end of 2025.