According to Wind data, 33 A-share companies have gone public in Hong Kong this year, raising a total of HK$232.18 billion. A total of 19 A-share companies went public in Hong Kong last year. Since this year, discounts on the H share issuer side, the leading A-share industry have narrowed significantly. A number of A-share companies issue H shares at the upper limit of the pricing range, such as Crystal Synthesis, Chipboard Micropack, etc. There are also a number of companies that have broken the long-standing practice of sharp discounts on H shares compared to A shares. Wen Jie, director of the Hong Kong Association of Stock Analysts, said that this is mainly because China's core assets in Hong Kong are being repriced by international funds according to global peers. From “discounted financing” to “global pricing,” the pricing logic for A-share companies to go public in Hong Kong is changing.

According to Wind data, 33 A-share companies have gone public in Hong Kong this year, raising a total of HK$232.18 billion. A total of 19 A-share companies went public in Hong Kong last year. Since this year, discounts on the H share issuer side, the leading A-share industry have narrowed significantly. A number of A-share companies issue H shares at the upper limit of the pricing range, such as Crystal Synthesis, Chipboard Micropack, etc. There are also a number of companies that have broken the long-standing practice of sharp discounts on H shares compared to A shares. Wen Jie, director of the Hong Kong Association of Stock Analysts, said that this is mainly because China's core assets in Hong Kong are being repriced by international funds according to global peers. From “discounted financing” to “global pricing,” the pricing logic for A-share companies to go public in Hong Kong is changing.