(Yicai Global) Sept. 24 -- The amount of funds raised in Hong Kong's IPO market this year will remain among the top three in the world, predicts Deloitte & Touche LLP, one of the "Big Four" international accounting firms. As Hong Kong market continues its innovative transformation, increasing number of emerging enterprises are expected to go public in China's special administrative region.

Hong Kong Stock Exchange (HKEx) has so far listed 106 new shares this year, with a total amount of USD10.89 billion (HKD85 billion) raised, ranking third in the world after New York Stock Exchange and Shanghai Stock Exchange, according to data from Deloitte & Touche.

Of these new shares, 32 percent are from the Chinese mainland, with USD8.97 billion raised. Other than those from the Chinese mainland and Hong Kong, there are 18 newly listed companies from Singapore, Canada, Japan, Malaysia, and Taiwan. They raised about HKD806.89 mln.

In terms of the rate of return, the average first-day rate of return among new shares was 88 percent. The rate of return for the Main Board is 18 percent, that for the GEM is 164 percent, and the highest rate of return is 2,937 percent. However, most new shares in the GEM are listed by way of placement, and retailers cannot participate in.

Hong Kong's IPO market has gradually become an attractive fundraising place for potential high-growth SMEs in Hong Kong and around the world, said Au Chun-hing, a partner at Deloitte & Touche. He predicts that by the end of this year, one or two large technological stocks will be listed here, as currently the market shows strong support for technological and new economy concept stocks.