Several leading Shenzhen A-share companies are preparing for a secondary listing in Hong Kong.
Since the beginning of this year, there has been a surge in investment in Hong Kong stocks. As of last Friday's close, the Hang Seng Index has risen by more than 23% year-to-date. Active southbound funds have poured into the market through the Stock Connect, significantly boosting market valuations. With ample liquidity support, mainland companies are increasingly eager to go public in Hong Kong, with many leading manufacturing A-share companies in Shenzhen preparing for secondary listings in Hong Kong. A review of the announcements made by Shenzhen companies planning to list in Hong Kong reveals that "overseas business development" and "international brand image" have become common themes. By expanding financing channels and attracting more international investors, these companies from Shenzhen hope to further expand their global footprint and enhance their competitiveness. So far this year, at least eight companies from Shenzhen, including Dongpeng Drinks, Jiangbolong, Guanghetong, Fengxiao Technology, Zhaowei Electromechanical, Luxshare Precision, Xinwanda, and Yuntian Lifly, have announced plans to list H-shares, indicating a clear increase in interest in listing in Hong Kong compared to last year. (Shenzhen Special Zone Daily)
Latest
5 m ago