Hong Kong has welcomed 24 new listings so far this year, raising more than HK$87 billion, The Standard reported Friday, citing Hong Kong Exchanges and Clearing (HKG:0388).

Speaking at the market open ceremony on the first trading day of the Year of the Horse, Chief Executive Bonnie Chan Yi-ting said proceeds from the listings already account for more than 25% of last year's total fundraising, adding she hopes the momentum will continue, the report said.

Chairman Carlson Tong Ka-shing added that 488 companies are in the pipeline to list in the city, according to the report.

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