On December 11, Gelonghui reported that according to the latest report from KPMG, driven by several large IPO transactions in the second half of this year, Hong Kong has recorded 63 new stock listings this year, raising HKD 82.9 billion, which is an increase of 78% compared to 2023. KPMG expects Hong Kong to rank fourth in the Global IPO fundraising amount in 2024, reflecting a recovery in investor confidence, and this positive trend is expected to continue until 2025. Furthermore, closer ties between Hong Kong and the Middle East will help promote the secondary listing of Middle Eastern companies in Hong Kong. Additionally, this year, the total amount raised in the Global IPO market is USD 119.1 billion, involving 1,159 listing projects, which is a 9% and 15% decrease in amount raised and number of listings respectively compared to 2023. India is expected to lead the world in both amount raised and number of listings, with the two major stock exchanges in the USA following closely behind, while Hong Kong and Shanghai rank fourth and fifth respectively.