Asian Equity Revival Sparks Capital Inflows as Hong Kong and India Drive Regional Momentum
Hong Kong's financial hub reclaimed its dominance with $75 billion raised by Chinese firms in 2025 - a threefold surge from 2024's totals and the strongest showing since 2021. Meanwhile, India's $19.3 billion IPO haul demonstrated resilient demand despite a 6% dip from last year's record.
The $267 billion Asian equity capital pipeline marks a decisive inflection point. After three years of contraction, the 15% year-over-year expansion signals renewed institutional confidence. 'China’s recovery and India’s expansion are twin engines driving this rally,' notes Goldman Sachs' James Wang, whose team leads Asian equity placements ex-Japan.
Market technicians highlight the $604 million Meesho offering as emblematic of India's digital economy maturation. With 300+ companies queued for Hong Kong listings and projections of $20 billion in Indian debuts for 2026, the capital formation cycle appears early-stage.
