Report
Hong Kong share sales hit third-quarter record of US$47.5 billion amid AI rush
The Business Times reports Asia-Pacific share sales topped US$120 billion in the same quarter, their highest third-quarter total in six years.
TLDR
The Business Times, citing Bloomberg-compiled data, reports that Hong Kong IPOs, placements and block trades raised US$47.5 billion in July–September, a record for the period. AI-related fundraising drove the surge despite a sell-off in Hong Kong stocks. Fundraising for 2026 topped US$92 billion, though poor deal performance and rising bond yields are making investors and issuers more cautious.
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