Recently, there have been frequent positive macroeconomic news. On September 19, the Federal Reserve announced a 50 basis point rate cut, ending a period of continuous rate hikes; on the 24th, the People's Bank of China announced a new round of monetary policy, reducing the reserve requirement ratio by 0.5 percentage points, releasing long-term funds of about 1 trillion yuan, significantly boosting market confidence.
In the Hong Kong stock market... $Hang Seng Index (800000.HK)$。 $Hang Seng TECH Index (800700.HK)$Boosted by bullish news, the cumulative increase exceeded 10% in ten days, and the IPO market may once again heat up. Let's explore the recent dynamics of the new Hong Kong stock market together.
September Dynamics: Midea + Carolot = A New Chapter for IPOs?
Regarding Hong Kong IPOs in September, $MIDEA GROUP (00300.HK)$The listing of **, **, created the largest IPO for Chinese companies in Hong Kong this year. The stock soared nearly 10% on the first day of trading; as of the time of writing, it has risen over 20% from the IPO price to 70.7 Hong Kong dollars.
$MIDEA GROUP (00300.HK)$ At the time of listing, it successfully attracted investors such as Sequoia China, Sequoia China Public Market Investment Fund, National Social Security Fund Phase II, BYD, IDG Capital, and 18 other cornerstone investors, with a luxurious lineup. Its market cap in both the Hong Kong and A-share markets has now exceeded 500 billion.
Why did Midea, whose total market cap in A-shares exceeds ** billion yuan, choose to go public in Hong Kong? - According to Midea's prospectus, the company will focus on further improving its haitong intl.