Many leading Shenzhen A-share companies are preparing for secondary offerings in Hong Kong
Since the beginning of this year, Hong Kong stocks have set off an investment boom. As of the close of last Friday, the Hang Seng Index has risen by more than 23% this year. Active southbound funds have poured in through the Hong Kong Stock Connect, significantly improving market valuations. Supported by abundant liquidity, mainland companies are increasingly enthusiastic about going to Hong Kong for IPOs, and many leading A-share manufacturing companies in Shenzhen are preparing for secondary issuance of Hong Kong stocks. The reporter sorted out the announcements of Shenzhen companies going to Hong Kong for listing and found that "overseas business development" and "international brand image" have become high-frequency words. By expanding financing channels and introducing more international investors, these Shenzhen companies hope to further expand their global layout and enhance their competitiveness. Since the beginning of this year, at least eight companies in Shenzhen, including Dongpeng Beverage, Jiangbolong, Fibercom, Fengqi Technology, Zhaowei Electromechanical, Luxshare Precision, Xinwanda, and Yuntian Lifei, have announced their H-share issuance plans, and their willingness to go public in Hong Kong has increased significantly compared with last year.