The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

South China Morning PostEN 1 min read 100% complete by Julie Zhang,Yulu AoFebruary 28, 2026 at 03:00 AM

AI Summary

short article 1 min

After a period of relative inactivity, major global investors like Fidelity International, BlackRock, Temasek, and Qatar Investment Authority are returning to Hong Kong IPOs. This resurgence began in late 2025 and is expected to continue into 2026. The return of these cornerstone investors signals a shift in sentiment towards Hong Kong's IPO market. European, Middle Eastern, US, and Singapore-based funds are participating, particularly in the consumption, industrial, and hi-tech sectors. Investment bank UBS notes a "robust comeback" of international long-only investors, especially sovereign wealth funds.

Key Entities & Roles

Key Player Opposition Context

Busy Ming 50% Medlive Technology 50% Zijin Gold International 60% HashKey Group 60% John Lee 60% Kuaishou Technology 60% Muyuan Foods 60% BlackRock 70% Temasek 70% Qatar Investment Authority 70% Fidelity International ×280% Hong Kong ×490%

Keywords

hong kong ipos 100% cornerstone investors 90% initial public offering 80% investor sentiment 70% chinese assets 60% market comeback 50% global investors 50% sovereign funds 40%

Sentiment Analysis

Positive

Score: 0.40

Source Transparency

Source

South China Morning Post

Classification Confidence

90%

Geographic Perspective

Hong Kong

This article was automatically classified using rule-based analysis.

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hong kong ipos cornerstone investors initial public offering investor sentiment chinese assets market comeback global investors sovereign funds

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