HKEX posts best quarter as China’s ‘DeepSeek moment’ spurs IPOs, market rerating

Quick Summary:

HKEX’s first-quarter profit of HK$4.08 billion (US$526 million) exceeds analysts’ estimate of HK$3.99 billion.

Hong Kong’s stock market – the cheapest in terms of its price-to-earnings multiple among major world bourses – has seen a resurgence in transactions and fundraising activity this year, after DeepSeek’s low-cost breakthrough in artificial intelligence services rekindled investor interest in Chinese technology stocks.“Hopefully with that review, [investors] are going to realise the attractiveness of stocks in this region,” Chan said in February during a conference organised by the Post in Kuala Lumpur.

The momentum has continued into the current quarter, with a healthy pipeline of 120 listing applications.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChina

Topics: (us$526 Hk$4 Hk$3 Kong Quarter Billion First-quarter Million) Profit Continued Hong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 12:22:31 (4 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 280 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28342460

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