A report released by Deloitte China's Capital Markets Service Department on the 18th predicts that the performance of the new stock market in mainland China and Hong Kong is expected to improve by 2025. The report believes that as mainland regulators continue to prioritize the quality of potential issuers and support the Technology innovation Industry, it is expected that the number of new stock issuances and the financing scale of A-shares in 2025 will show steady growth compared to 2024. In terms of Hong Kong stocks, the report estimates that by the end of this year, there will be 69 new stocks financing approximately 87.6 billion HKD; in 2025, it is expected that there will be 80 new stocks listed, financing approximately 130 billion HKD to 150 billion HKD. (Guoshi Zhitongche)