The Hong Kong IPO market has shown strong performance recently. According to Hong Kong Stock Exchange data, as of June 15, a total of 30 companies have gone public, raising nearly HKD 100 billion, a year-on-year increase of more than 5 times, reclaiming the top spot in global IPO fundraising. Mainland enterprises are accelerating their listings in Hong Kong, with HKD 52.2 billion raised in just the third week of May, and currently over 200 companies are waiting in line to go public. Policy benefits are driving the A+H share listing boom, with leading companies like Contemporary Amperex Technology Co., Ltd. boosting Hong Kong stock liquidity and valuation. Many sovereign wealth funds are returning to the Hong Kong market, leading to fierce competition in investment banking but facing profit pressure. The market expects this round of listing boom to last for a long time.