Since this year, A-shares and Hong Kong stocks have been moving in both directions at a more and more intense pace. On the one hand, leading A-share hardware technology and consumer manufacturing companies have concentrated on the Hong Kong Stock Exchange to issue H shares, which has become one of the important supplies in the Hong Kong stock IPO market; on the other side, Hong Kong stock science and innovation companies such as AI, robotics, and innovative pharmaceuticals are speeding up the return path for unprofitable enterprises. Tian Lihui, a finance professor at Nankai University, said that “A+H” continues to expand. This two-way flow breaks market divisions and promotes deep integration of regulatory rules with information disclosure standards. The two-way transmission of pricing power helps reduce cross-border valuation differences and improve the overall pricing efficiency of Chinese assets. This not only increases the weight of Chinese assets in the global allocation, but also provides an important practical example for constructing a standardized, transparent, open, dynamic, and resilient modern capital market system with Chinese characteristics. The market generally expects that under the current policy environment, the “A+H” dual-platform listing will enter a new stage of development of normalized expansion.

Since this year, A-shares and Hong Kong stocks have been moving in both directions at a more and more intense pace. On the one hand, leading A-share hardware technology and consumer manufacturing companies have concentrated on the Hong Kong Stock Exchange to issue H shares, which has become one of the important supplies in the Hong Kong stock IPO market; on the other side, Hong Kong stock science and innovation companies such as AI, robotics, and innovative pharmaceuticals are speeding up the return path for unprofitable enterprises. Tian Lihui, a finance professor at Nankai University, said that “A+H” continues to expand. This two-way flow breaks market divisions and promotes deep integration of regulatory rules with information disclosure standards. The two-way transmission of pricing power helps reduce cross-border valuation differences and improve the overall pricing efficiency of Chinese assets. This not only increases the weight of Chinese assets in the global allocation, but also provides an important practical example for constructing a standardized, transparent, open, dynamic, and resilient modern capital market system with Chinese characteristics. The market generally expects that under the current policy environment, the “A+H” dual-platform listing will enter a new stage of development of normalized expansion.