According to the Hong Kong Stock Exchange,2025year12month to2026year1months, a total of12The AI Value Chain Company has listed on the Hong Kong stock market. Why has the AI Value Chain Company chosen the Hong Kong market, and why are there a cluster of companies listing there? Currently, global capital investment in Chinese assets has increased, and recently, there has been a rush to list in Hong KongIPO listingAmong AI companies (such as Zhipu,MINIMAX), with many international long-term funds, well-known industrial capitals, and investment institutions becoming cornerstone investors. Why is global capital targeting Hong Kong stocks?IPO listingTarget? Why do we prefer AI companies?
Frost & Sullivanfrost &SullivanLu Jing, China Business Partner and Managing Director of Frost & Sullivan (hereinafter referred to as 'Frost & Sullivan'), was interviewed by Shanghai Securities News to discuss the capital logic and industrial motivations behind artificial intelligence companies flocking to Hong Kong for listing.
QAccording to the Hong Kong Stock Exchange,2025year12month to2026year1months, a total of12The AI Value Chain Company has listed on the Hong Kong stock market. Why has the AI Value Chain Company chosen the Hong Kong market, and why are there so many companies flocking to list there?
The core lies in the resonance between the institutional window and the industrial cycle. The Hong Kong Stock Exchange has launched “18CZhang is specifically designed for technology-intensive enterprises, clearly covering cutting-edge fields such as artificial intelligence. It provides institutional channels for unprofitable companies with high R&D investment and growth potential, significantly enhancing the predictability of listing. Hong Kong stocks are more flexible in terms of valuation elasticity, review pace, and company structure compatibility. On the other hand,AIValue chain enterprises are experiencing a concentrated outbreak in computing power, models, and application layers, with strong financing needs. Clustered listings can help form sectoral effects and industry valuation anchors. Hong Kong, as a hub connecting the mainland's industries with international capital, has becomeAIA preferred market for enterprises to achieve international financing and brand endorsement.
QAt present, the enthusiasm of global capital to invest in Chinese assets has increased, with recent flows to Hong KongIPO listingAmong AI companies (such as Zhipu,MINIMAX), with many international long-term funds, well-known industrial capitals, and investment institutions becoming cornerstone investors. Why is global capital targeting Hong Kong stocks?IPO listingTarget? Why do we prefer AI companies?
From the perspective of configuration logic, global funds are gradually increasing their weight on China's core technology assets. Hong Kong stocks, with their international liquidity and Chinese asset attributes, serve as an efficient entry point for increasing allocations to the Chinese technology sector. Artificial intelligence is at the forefront of global technology investment, characterized by platformization and infrastructure features, with a longer growth curve and stronger spillover effects. For international long-term funds and industrial capital, participating in Hong Kong stocks as cornerstone investors is crucial.AIcompanyIPO listingOn the one hand, it can lock in scarce technology assets and share in technological dividends. On the other hand, it helps with globalAICompanies that have strategically positioned themselves at key nodes in the competitive landscape are strengthening their strategic position in the future industrial chain.
*This interview was published in 'Shanghai Securities News', with reporters Lin Mingqin and Kong Lingyi. The original title was: Artificial Intelligence Tracklist Goes Public with Hot Interest20Enterprises sprint to list on the Hong Kong stock marketIPO listing
