Chen Jing, Executive Director of the International Investment Banking Department of Citic Securities, stated that since 2025, the average discount of the offering price of the Hong Kong stock secondary offering compared to the previous closing price was 7.5%.

At the "Tide Rising, Fragrant River Gathering - Special Seminar on the Integrated Development of the Shenzhen-Hong Kong Capital Market and Listing in Hong Kong", Chen Jing, Executive Director of the International Investment Banking Department of Citic Securities, stated that Hong Kong stock placement projects have the characteristics of a short execution cycle and high financing efficiency. Since 2025, many Hong Kong-listed companies have conducted refinancing or reduction through new stock placements and bulk sales, with the average discount of 7.5% on the placement price compared to the closing price of the day before the placement agreement date.