Since the second half of this year, Hong Kong stock companies' “return to A” has continued to heat up. Liqin Resources took the lead in “returning to A” on September 30. Smart Spectrum, MINIMAX, Yunying Valley Technology, Jingfeng Healthcare, and Paradigm Intelligence are also proceeding with the “return to A” issue in an orderly manner. Industry insiders believe that “going back to A” is a rational capital operation adopted by Hong Kong stock companies based on factors such as their own structure, science and innovation attributes, and profit cycle. With the improvement of regulatory coordination mechanisms between the Mainland and Hong Kong and the construction of a multi-level capital market, the space for high-quality assets in Hong Kong stocks to “go north” will be further broadened, and it is expected that they will obtain fairer local valuations and RMB financing channels.

Since the second half of this year, Hong Kong stock companies' “return to A” has continued to heat up. Liqin Resources took the lead in “returning to A” on September 30. Smart Spectrum, MINIMAX, Yunying Valley Technology, Jingfeng Healthcare, and Paradigm Intelligence are also proceeding with the “return to A” issue in an orderly manner. Industry insiders believe that “going back to A” is a rational capital operation adopted by Hong Kong stock companies based on factors such as their own structure, science and innovation attributes, and profit cycle. With the improvement of regulatory coordination mechanisms between the Mainland and Hong Kong and the construction of a multi-level capital market, the space for high-quality assets in Hong Kong stocks to “go north” will be further broadened, and it is expected that they will obtain fairer local valuations and RMB financing channels.