Affected by multiple factors, the number of newly listed companies and total funds raised on the Hong Kong stock market in 2022 both declined to some extent, but the Hong Kong stock market is not lacking in bright spots. For example, the enthusiasm for listing of pharmaceutical enterprises remains unabated, the trend of "Chinese concept stocks" returning to Hong Kong continues, and many companies have achieved dual primary listings on the Hong Kong Stock Exchange. The special purpose acquisition company (SPAC) listing mechanism of the Hong Kong stock market started smoothly. The number of initial public offerings (IPOs) on the Hong Kong stock market in 2022 was 80, compared with 96 in 2021. In terms of funds raised, the total proceeds of Hong Kong stock market IPOs for the whole year of 2022 were HK$103.405 billion, a decline of 68.19% compared with HK$325.091 billion in 2021. As of December 31, 2022, the Hong Kong Stock Exchange ranked fourth among the world's top five stock exchanges in terms of IPO funds raised, with the top three being the Shanghai Stock Exchange, Shenzhen Stock Exchange and Korea Exchange. According to data from Tonghuashun, in terms of industries, the healthcare industry, information technology industry and non-essential consumer goods industry were the top three industries in terms of the number of newly listed companies in the Hong Kong stock market IPO market in 2022, with 21, 15 and 12 companies respectively. In 2021, the ranking was healthcare industry, real estate and construction industry and non-essential consumer goods industry, with 34, 19 and 16 companies respectively. The listing methods on the Hong Kong stock market in 2022 became increasingly diversified. On December 30, 2022, Kingsoft Cloud and THAIHAVI International went public in Hong Kong via listing by introduction. Including these two companies, a total of 9 companies landed on the Hong Kong Stock Exchange through listing by introduction in 2022. The advantage of listing by introduction is that it avoids the dilution effect of new share issuance on original shareholders, has no underwriting link, and has a shorter approval process. In addition, Zhihu, Tuya Smart, Zai Lab, Bilibili and other companies have chosen dual primary listings in Hong Kong. In addition, the Hong Kong Stock Exchange implemented the SPAC listing system in 2022. On December 23, 2022, the fifth SPAC in the Hong Kong stock market was officially listed. The addition of the SPAC mechanism is one of the important strategies for the Hong Kong Stock Exchange to build a diversified capital market structure. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting Management Co., Ltd. is the domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same actual controller. Both companies are under the same ultimate controlling party, and are managed under the same Chinese management framework, complying with the laws of Hong Kong and mainland China.