Thousand-times subscription multiples frequently seen, Hong Kong stocks IPO feverish.

Since the beginning of this year, several phenomenon-level IPOs have been listed on the Hong Kong Stock Exchange, and incremental funds continue to enter the Hong Kong stock market, driving the new share market to remain hot. According to statistics from the Hong Kong Stock Exchange, in the first five months of this year, a total of 29 companies have gone public on the Hong Kong stock market, with an IPO fundraising amount of 77.7 billion Hong Kong dollars. This fundraising amount has jumped to the first place globally. As of June 12th, out of the 31 IPO companies this year, 15 companies had online subscription multiples exceeding 100 times, with 3 companies receiving subscription multiples of over a thousand times. New stock "meat signing" continues to emerge, with companies like Innovent Biologics-B, Miniso Group, Bumble, and CATL experiencing high investor gains on their first day of trading. "This round of Hong Kong IPO frenzy is mainly driven by new consumption trends and A-share companies listing in Hong Kong. With more star stocks set to debut on the Hong Kong stock market in the second half of the year, the Hong Kong stock market's 'new share feast' will continue," a wealth management department manager at a Chinese securities firm said.