Video | A-share companies "cluster" to list in Hong Kong Chinese tech companies become the "new favorite" for Hong Kong stock IPOs

Since the beginning of this year, there has been a surge of A-share companies listing in Hong Kong. The latest data shows that by March 31, 40 companies in the Hong Kong stock market completed IPOs, raising nearly 110 billion Hong Kong dollars, a year-on-year increase of 489%, reaching a new high since 2021. Which companies are flocking to list in Hong Kong? What opportunities does the dual-platform “A+H” listing bring to related companies?

Niu Dongfeng is the secretary of the board of a Shenzhen-listed A-share company. The company’s main business is micro transmission systems, with products covering automotive, new energy, industrial automation, and other fields. On March 9 this year, his company listed in the Hong Kong stock market, which is commonly referred to as an “A+H” listing. Niu Dongfeng told reporters that the company chose this timing to go public in Hong Kong due to policy incentives and because China’s hard technology is being re-recognized by international capital.

Niu Dongfeng, Secretary of the Board of a certain Shenzhen-based joint-stock company in Guangdong: Currently, many companies are choosing to list “A+H.” On one hand, Chinese tech companies are now undergoing a process of global re-recognition and reassessment. At the same time, the country is promoting high-level opening-up, and the China Securities Regulatory Commission is also encouraging domestic A-share listed companies to list in Hong Kong.

In fact, among the 40 new Hong Kong-listed companies in the first quarter, 15 are “A+H” listings. Of the top 10 by fundraising scale, 7 are from A-shares, with a total fundraising of over 52 billion Hong Kong dollars, accounting for nearly half of the total IPO fundraising in Hong Kong in the first quarter.