Hong Kong’s stock exchange ranked second globally by capital raised in the first half of 2026, with total proceeds from initial public offerings and secondary listings rising 84.3 per cent year on year to US$26.4 billion.Among the 84 new listings during the period, mainland Chinese issuers accounted for 98.5 per cent of the total, with the majority concentrated in advanced technology and consumer staples.Below are the five largest deals:1. Victory Giant Technology, US$2.73 billionThe electronics manufacturer specialises in printed circuit boards and components for smartphones and consumer electronics. First listed on Shenzhen’s Nasdaq-style ChiNext in 2015, the company operates in a similar market segment to United States-listed Jabil.Bookrunners for the deal included J.P. Morgan, China Securities, GF Securities, ABCI Capital, China International Capital Corporation and Huatai Financial.2. Muyuan Foods, US$1.55 billionThe agricultural giant, also listed in Shenzhen, is China’s largest hog producer by volume. Morgan Stanley, CLSA, Goldman Sachs, CICC, Merrill Lynch and CMB International led the underwriting.Executives from Muyuan Foods celebrate its listing on February 6. Photo: Jonathan Wong