Changes in Hong Kong stocks | Zhongji Xuchuang (03308) closed down more than 7% in the afternoon and broke on the first day of listing. The Hong Kong Stock Exchange has launched its supporting options

The Zhitong Finance App learned that Zhongji Xuchuang (03308) was listed today, falling more than 10% below the launch price during the intraday period. By the midday close, it was down 7.35% to HK$908, with a turnover of HK$7.047 billion.

According to Insight Consulting, Zhongji Xuchuang has been the world's largest provider of optical interconnection solutions by revenue for five consecutive years since 2021. With a total capital raised about HK$53.4 billion, it is expected to become the largest Hong Kong stock IPO this year, and the largest listing project in the Hong Kong stock market since Alibaba went public for the second time in Hong Kong in 2019.

It is worth noting that on the first day of the listing of Zhongji Xuchuang, the Hong Kong Stock Exchange simultaneously launched its stock options. Monthly and weekly contracts expiring were simultaneously open for trading, 50 shares per lot, with a position limit of 50,000 shares. The company's shares were also included in the list of designated securities that can be short sold on the same day. The analysis points out that Zhongji Xuchuang's special arrangement to simultaneously launch options and other products on the first day of listing reflects the regulatory authorities' recognition of its market position and liquidity.