UBS: Hong Kong IPOs Expected to Surpass 300 Billion Yuan Next Year, Leading Globally Li Zhenguo, Vice Chairman of UBS Global Investment Banking, stated that Chapter 18C of the Hong Kong Stock Exchange provides a new listing channel for tech companies. It is expected that 150 to 200 companies will go public in Hong Kong next year, with total IPOs projected to reach 300 billion yuan, ranking first globally. He also believes that consumer goods, high-tech, and artificial intelligence will remain key themes next year. Continued interest rate cuts will remain a market focus, while the stabilization of domestic consumption in Mainland China will also benefit market development. Additionally, the overall stock valuation in the Greater China region is at a discount compared to U.S. stocks, making it attractive.