Three firms from mainland China and Hong Kong have announced significant fundraising efforts in Hong Kong, taking advantage of the city’s revitalised capital markets. These initiatives underscore growing investor confidence as the market continues to rebound following several challenging years.
An offshore arm of China Petrochemical Corporation (Sinopec), named Deep Development 2025, has secured regulatory approval to issue exchangeable bonds worth HK$7.75 billion (approximately US$990 million). These bonds, which have a maturity of seven years, are backed by shares in another offshore subsidiary of Sinopec, China’s largest refining company. The proceeds from the bond issuance will be used to refinance the group’s medium- and long-term offshore debt, helping to optimise its financing costs and improve its overall financial structure.
In a separate move, Shanghai-based medical equipment manufacturer Microport Medbot is also turning to Hong Kong’s capital markets. The company aims to raise roughly HK$389.62 million by issuing 25.1 million new shares priced at HK$15.50 each. After deducting related expenses, the net proceeds are expected to be around HK$382.33 million. The capital raised will be allocated to support research and development initiatives and boost working capital, enabling the company to accelerate its innovation pipeline and sustain operations.
Meanwhile, Hong Kong property investment firm CSI Properties announced that a subsidiary, ESL, will issue new three-year notes. While the specific value of the offering has yet to be disclosed, CSI stated that the funds will be used to manage the company’s debt levels and enhance its capital structure. The goal is to strike a better balance between liabilities and financial flexibility.
These fundraising plans come as Hong Kong’s financial markets experience a significant upswing. After three years of subdued performance, the total market capitalisation of stocks traded in the city rose to US$38.8 trillion by the end of April 2025—a 21 per cent increase from US$32.1 trillion during the same period in 2024, according to official exchange data.
The renewed capital raising activity from major players across sectors such as energy, healthcare, and real estate reflects a broader optimism among corporate issuers and investors alike, positioning Hong Kong once again as a dynamic fundraising hub in the region.
READ MORE: