Futu Holdings (FUTU.US) subsidiary and institutional service brand Futu Prosperity has released the "2024 Hong Kong and US IPO Market Report". It points out that the number of IPOs in the Hong Kong stock market remained stable last year, but the market shows positive signals, with record high frozen capital and subscription multiples, impressive performance of high multiple projects on the first day, and retail investors becoming more rational, these factors will inject confidence into the Hong Kong stock market this year. The report expects that the healthcare and information technology industries will continue to lead this year, and the applications for listing of shared travel and autonomous driving companies will bring new vitality to the Hong Kong stock market this year. The report indicates that there are currently more than 70 companies waiting to go public, and according to data from the China Securities Regulatory Commission, there are 92 companies planning to list in Hong Kong, indicating an ample supply of new stocks in the Hong Kong stock market. Among them, the applications from the healthcare, information technology, and consumer industries account for 52%. Stimulated by positive factors such as the continuous optimization of A-share listing process and the lowering of listing thresholds in the Hong Kong stock market, the "A+H" trend will be strengthened. Moreover, industry experts point out that accelerating the approval reform for "qualified A-share companies" will undoubtedly attract more high-quality companies to list in Hong Kong and achieve breakthrough development through Hong Kong's global capital platform. On the other hand, in the US stock market, information technology and industrial sectors will be the main forces for US IPOs this year, and the trend of Chinese concept stocks listing in the US is accelerating. The number of new listings and fund-raising amounts have seen a significant increase. According to data disclosed by the US Securities and Exchange Commission, there are 84 Chinese concept stocks filing (including updated prospectuses), and information technology, industrial, and consumer sectors are expected to be the main driving forces for listings in the US this year. Sun Yuepeng, partner at Futu Prosperity, pointed out that in the second half of last year, the fundraising amount for new stocks in the Hong Kong stock market saw a significant increase, with many well-known companies listing in Hong Kong in the fourth quarter. With the Fed cutting interest rates, retail investors' confidence restored, and decision-making becoming more rational, the new stock market has shown a different atmosphere. Looking ahead to this year, with multiple A-share companies announcing plans to list in Hong Kong, continued positive sentiment for new listings, and interest rates continuing to decline, the Hong Kong new stock market is expected to experience a stronger outbreak.