In 2025, the Hong Kong stock market experienced a long-absent "structural bull market," with the gains of its major indices ranking among the top globally. Overall, the Hang Seng Index accumulated an increase of 27.77% for the full year, marking its best annual performance since 2017. The Hang Seng Tech Index rose by 23.45% for the year, while the Hang Seng China Enterprises Index gained 22.27%.

As of December 31st, a total of 117 new stocks listed on the Hong Kong market this year, an increase of 47 compared to the same period last year. The total fundraising scale reached HKD 285.693 billion, surpassing the combined IPO fundraising amounts of 2023 (HKD 46.3 billion) and 2024 (HKD 88.147 billion), representing a year-on-year growth of 224.11%. Some new stocks experienced significant declines on their very first day of trading, with BenQ Hospital falling nearly 50%, Conch Materials Technology dropping 47.67%, and Hansi Aitaide declining over 46%.