[Goldman Sachs Wang Yajun: Hong Kong's Annual IPO Fundraising Expected to Hit $60 Billion, Setting a New Record] According to a report by Golden Finance, on July 10, Hong Kong's IPO market was thriving in the first half of this year. Wang Yajun, Head of Equity Capital Markets for Asia (excluding Japan) at Goldman Sachs, stated during a media briefing that he is highly confident in the Hong Kong IPO market. With a robust pipeline of projects and multiple favorable factors, the fundraising scale for Hong Kong IPOs in the second half of the year is expected to remain strong, potentially surpassing the first half. The annual total could reach $60 billion (approximately HK$468 billion), setting a new historical record. Wang Yajun believes that the Hong Kong market has fully entered a new development phase dominated by AI. "The most active themes and stocks, the best-performing and most heavily funded stocks, are all related to AI." Addressing the widely discussed issue of an AI bubble in the market, he stated that the key to assessing the industry's prospects lies in underlying demand. He added that simply debating whether a bubble exists is currently of little practical significance.