Industrial capital appears frequently; Hong Kong IPO cornerstone investor lineup expands.

Since the beginning of this year, Hong Kong IPO fundraising has remained active. Wind data shows that as of November 10, a total of 122 companies had listed in Hong Kong, of which 101 introduced cornerstone investors. Looking at the list of cornerstone investors, international institutions such as Temasek and BlackRock appeared in multiple companies, the sources of capital participating in Hong Kong IPOs have become more diversified, and industrial capital has also frequently participated in subscriptions. Analysts believe that industrial cornerstone investors are mostly industrial groups, listed companies in the industrial chain, and strategic investment platforms. Such capital places greater emphasis on business synergy and long-term value, and AI, semiconductors, and leading "A+H" projects have attracted attention.