The world’s largest IPO protagonist“Ning Wang” in a + H Two hot landing in Hong Kong stocks, causing high market attention. Meanwhile, a-share listings in Hong Kong are accelerating.
Eastern IC
Zhaoyi innovation, the leader of 10 billion chips, announced plans for a Hong Kong stock market listing on May 20. The company said that this move aims to deepen the global strategic layout, accelerate overseas business development, enhance the international brand image and core competitiveness. Zhaoyi innovation will choose the right time to complete the listing in accordance with the international capital market and the approval of domestic and foreign regulatory authorities during the validity period of the resolution. After deducting the expenses, the fund will be used to strengthen the r & D capacity, product technological innovation, Strategic Investment M & A and global marketing network construction.
Consumer and technology companies dominate this wave of a-share listings in Hong Kong. According to incomplete statistics, only in April, there are 13 a-share companies announced plans to issue h-share listing, covering Cyrus, Makuhara shares, purple light shares and other leading enterprises. In terms of categories, the consumer category includes seafood, dongpeng drinks and Anjing food, while the technology category includes Ningde Times, lens technology, Sanhua Intelligent Control, Jiangborong, Nanxin micro, etc. .
This year, in the policy support, the attractiveness of Hong Kong stocks, and other factors driven by listed companies to Hong Kong listing enthusiasm. Hu Zhijin, head of UBS Group in China, said the investment bank had achieved remarkable results this year, completing“Big Orders” in Hong Kong ipos, secondary offerings, mergers and acquisitions and restructuring. As Chinese enterprises focus on the integration of the main business, optimize the allocation of resources, M & A will become an important means of enterprise operation, enterprise“Going out” strategy deepening, multiple factors will promote the“A + H” model into the upward cycle, foreign long-term capital also began to flow back layout.
CITIC Securities said there had been a growing 2024 of a-share companies seeking A + H dual listings since the fourth quarter. More than a quarter has passed since April 2025, when the total number and market capitalisation of companies disclosing plans to list in Hong Kong, and a wave of a-share listings is expected in the second half of 2025.