Institutional professionals: Hong Kong stock market is expected to break the discount loop.

Since the beginning of this year, with the overall recovery of the Hong Kong stock market, Chinese companies going public in Hong Kong have seen a big surge. New consumer companies represented by the Miniso Group, core manufacturing companies represented by CATL, and high-quality innovative pharmaceutical companies represented by Hengrui Medicine have all gone public in Hong Kong. In addition, an increasing number of A-share-listed companies have disclosed plans to go public in Hong Kong, showing an accelerating trend of "A to H", and the situation of Hong Kong stocks of the same company being discounted compared to A-shares in the past is gradually changing. Institutional professionals generally believe that the trend of A-share companies going public in Hong Kong is heating up, which will have a profound impact on the Hong Kong stock market and inject new vitality into it. The Hong Kong stock market currently has a margin of safety in valuation, industrial upgrading momentum, and liquidity support, highlighting its long-term value for allocation.