HKEX enjoys boost from mainland Chinese firms and investors

Bubble tea maker Mixue has listed this week as the market bounces back with a flurry of listing activity expected this year, with mainland Chinese investors increasing use of the Stock Connect; Middle East firms could also seek listings, although other foreign firms could be harder to attract.

There has been a flurry of listings on the Hong Kong Stock Exchange HKEX so far in 2025, which is good news for those working in capital markets in the Special Administrative Region SAR, and also investors around the world.

This week the bubble tea chain Mixue climbed 47% on its debut as it listed on HKEX on March 3, raising $444 million, selling 17 million shares at HK$202.5 $26 each. The move has followed a series of other recent listings from mainland Chinese firms, and follows a flurry of listings in the second half of 2024, including Chinese appliance firm Midea which raised around $4 billion.

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