Opening a store with the left hand and listing on the stock market with the right hand, mainland catering enterprises go to Hong Kong for a "two-pronged approach".

date
10/05/2025
On May 8, Auntie A from Shanghai successfully landed on the Hong Kong Stock Exchange with impressive stock performance, while Hangzhou leisure Chinese restaurant giant Green Tea Group also officially launched its Hong Kong stock IPO on the same day. Mainland restaurant enterprises are currently embarking on a trend of "dual-line operation" by expanding their businesses and going public in Hong Kong. Well-known brands such as Maxim's Group, Haidilao, and Xiaocaiyuan are typical representatives of this trend, while Green Tea Group, Yujian Xiaomian, and Hefu Laomian are among the restaurant brands that have recently entered Hong Kong and are striving for a listing on the Hong Kong stock exchange. Analysts believe that the essence of this strategy is to "strengthen internal capabilities in the Hong Kong market and amplify value through capital markets," by leveraging international experience gained through physical stores and utilizing the financing leverage of Hong Kong capital markets to achieve scale growth.