Goldman Sachs Expects Hong Kong IPO Lock-Up Expiry to Unleash $274B in New Supply Over 12 Months

According to Goldman Sachs on June 15, Hong Kong's stock market is expected to see approximately $274 billion (about HK$2.13 trillion) in new share supply over the next 12 months as IPO lock-up periods expire. The bank predicts robust equity demand can absorb this influx. Goldman Sachs noted that dual demand from passive index funds and southbound capital flows (referring to mainland investors trading via Stock Connect programs) will provide critical liquidity buffers to mitigate selling pressure from unlocked shares.
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