Hong Kong IPOs are hot and domestic securities firms are "extremely busy"
On June 25, Cao Cao Travel and Xiangjiang Electric were listed on the Hong Kong Stock Exchange. So far this year, the amount of funds raised by IPOs in the Hong Kong stock market has reached HK$95.929 billion, a year-on-year increase of 758.8%, showing explosive growth. Driven by the wave of technologies such as AI and robots, Chinese assets have ushered in a revaluation of their value, and the global attention to Hong Kong stocks has increased significantly. "The number of companies listed in Hong Kong has increased, and more and more companies have taken the initiative to contact us recently. Investment bankers are so busy that they are all doing due diligence, internal quality control, regulatory communication, issuance strategy formulation, global roadshows, etc." A leading domestic securities company insurance agent told reporters. Under the "A+H" craze, domestic securities companies have set up cross-border business collaboration platforms and formed professional teams for Hong Kong stocks to accelerate the expansion of Hong Kong stock investment banking business. They are also optimistic about the business in the second half of the year. "With the revaluation of Chinese assets by international capital and the continued inflow of funds, the sentiment of the Hong Kong stock market has rebounded and valuations have been significantly restored, further attracting A-share companies to list in Hong Kong. In addition, the Hong Kong Stock Exchange has introduced a series of institutional facilitation measures for A-share companies to list on the Hong Kong stock market, and the overall review process for A-share companies to list on the Hong Kong stock market is relatively fast." said Wang Shuguang, member of the Management Committee of CICC.