On June 19th, Guolonghui reported that KPMG estimates that the amount raised in Hong Kong's new stock market this year will be HK$60 billion, a 40% reduction from the HK$100 billion predicted at the beginning of the year, but still has a chance to enter the top five in the world. The number of listings is expected to be between 70 and 80 for the year, less than the original estimate of 90. KPMG said that in the first half of the year, there were 27 listings in Hong Kong, a 35% YoY decrease, and raised HK$11.6 billion, a 15% YoY decrease. In terms of fundraising, Hong Kong ranked tenth globally in the first half of the year. When asked when there will be large new stocks coming to Hong Kong, Julia Zhu, KPMG's partner in charge of China's new economy market and life sciences industry in Hong Kong, said that it depends on the market sentiment improving. It is a global trend that the fundraising amount of new stocks ranked in the top ten globally is not high, and there is a lack of super-large new stocks. Zhu Ya-yi added that due to the 5 new measures introduced by China Securities Regulatory Commission and applicants for A-share listing intending to raise funds in Hong Kong, the number of IPO applications in Hong Kong has surged, which is a positive signal for the rebound of Hong Kong's IPO market.