Lates News

Recently, the A-share market has seen a wave of companies heading to Hong Kong for listing, with many top enterprises announcing plans to launch H-share offerings. Companies that are already listed on the Hong Kong Stock Exchange have shown impressive performance. Among them, leading power battery company CATL saw its stock price soar after listing on the Hong Kong Stock Exchange, with its H-share price even surpassing its A-share price, attracting widespread attention in the market. At the same time, companies such as BYD and China Merchants Bank have seen their H-share prices exceed their A-share prices, leading to the phenomenon of H-shares trading at a premium becoming the focus of the market. Looking ahead, China Securities believes that the AH premium rate is still not a constraint for Hong Kong stocks and there is still room for further declines. Under the empowerment of "AI+", the narrative logic of Internet giants and tech giants is further strengthened, and with the stage-by-stage effectiveness of anti-monopoly regulation on Internet platforms, the AH premium rate is expected to return to relatively low levels seen from 2016 to 2019.