SCMP: HK beats US in 2025, 46 China-domiciled companies raised HK$118.2 billion (US$16.5 billion) IPOs on the HK stock exchange so far this year, compared with 16 listings by Chinese companies in the US raked in a mere US$740.9 million, according to Bloomberg. 南華早報：2025年香港超越美國 根據彭博報道，今年迄今，已有46家中國公司在香港證券交易所進行IPO，融資1182億港元（165億美元），而同期在美上市的16家中國公司僅融資7.409億美元.
https://www.scmp.com/business/china-business/article/3322769/hong-kong-tops-us-go-ipo-venue-chinese-start-ups-funds-return-asia?