Hong Kong hits record $47.5B Q3 share-sale haul as AI deal frenzy drives IPOs and placements

Bloomberg reports Hong Kong's July–September IPOs, placements and block trades raised $47.5 billion, the biggest Q3 haul ever, driven by an AI-fueled rush for capital that defied a steep selloff in local stocks. Year-to-date fundraising above $92 billion puts the city within reach of the $112.5 billion full-year record set in 2021, with more than 85% of Chinese AI-related companies that IPO'd in 2026 (23 of 27) listing in Hong Kong. Z.AI alone raised $9.6 billion this year across its IPO, placements, and convertibles.