To more accurately reflect the real-time performance of Hong Kong intermediaries and make the statistics more meaningful, RyanBen Capital updates its rolling rankings every month for the "past 24 months," "past 12 months," and "year to date." According to the statistics, in the past 24 months (October 2024 to September 2026), there were 263 new listings in Hong Kong; in the past 12 months (October 2025 to September 2026), there were 168 new listings in Hong Kong; in the past 6 months (January 2026 to September 2026), there were 118 new listings in Hong Kong.

According to the statistics, in the past 24 months, a total of 13 auditors participated in the audit work for 263 new listings.

1. Data for the past 24 months (October 2024 to September 2026)

According to the statistics, in the past 24 months, a total of 13 auditors participated in the audit business of 263 new listings.

In terms of the number of engagements over the past 24 months, the top four auditors are: EY, with 101 deals and a 38.4% share, ranking first; KPMG, with 52 deals and a 19.8% share, ranking second; Deloitte, with 46 deals and a 17.5% share, ranking third; and PwC, with 27 deals and a 4.9% share, ranking fourth. Together, these four account for 85.9% of the market share.

Other auditors with more than 5 engagements include BDO (13 deals), Grant Thornton (5 deals), and Tianjian (5 deals). Among these 13 auditors, 2 participated in only one listing, accounting for 15.4% of the participating auditors (13 firms).

2. Data for the past 12 months (October 2025 to September 2026)

Based on the data for the past 12 months, 12 of these 13 auditors participated in the audit business of 168 new listings.

The top four auditors over the past 12 months are EY, KPMG, Deloitte, and PwC, participating in 68, 31, 29, and 11 deals respectively, with shares of 40.5%, 18.5%, 17.3%, and 6.5%.

Another auditor with more than 5 engagements was BDO (11 deals).

3. Data for the first nine months of this year (January 2026 to September 2026)

For the year to date (past 9 months), 12 of these 13 auditors participated in the audit business of 118 new listings.

The top four auditors over the past 9 months are EY, KPMG, Deloitte, PwC, and BDO, participating in 54, 19, 16, 8, and 8 deals respectively, with shares of 45.8%, 16.1%, 13.6%, 6.8%, and 6.8%.

EY alone exceeded the combined total of the next four firms.