The market situation is hot, with the Hang Seng Index rising by 11% in the past ten days. Is investing in Hong Kong stocks during IPOs a good timing to get on board?

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, with a cumulative increase of over 10% in the past ten days, the IPO market may heat up again. Let's explore the recent dynamics of the new stock market in Hong Kong together.

September Dynamics: Midea + Carlo= A New Chapter in IPOs?

Regarding Hong Kong IPOs in September,$MIDEA GROUP (00300.HK)$Upon its listing, it created the largest IPO by a Chinese company in Hong Kong this year. On the first day of listing, it surged nearly 10%; as of the time of writing, it has risen over 20% from the offer price, reaching HK$70.7.

$MIDEA GROUP (00300.HK)$ 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.

A股总市值超500 billion元的美的，为何赴港IPO？-据美的招股书显示，未来集团将致力于进一步提高海外业务收入占比，而此次赴港上市募资用途中，过半与其海外扩张动作有关：

IPO募集资金净额，约20%用于全球研发投入；约35%用于完善全球分销渠道和销售网络，以及提高自有品牌的海外销售。显然，香港市场是以美的集团为代表的企业进一步通往全球化的重要窗口。

另一方面，来自中国浙江杭州的厨具品牌卡罗特也将于October 2nd港股上市，目前正在招股中。

$CAROTE LTD (02549.HK)$ 拟全球发售约0.13 billion股，每股发售价5.72-5.78港元。财务方面，于2021年度、2022年度、2023年度、2024年截至3月31日止三个月，卡罗特实现收益分别约为0.675 billion元、0.769 billion元、1.583 billion元、0.503 billion元人民币，期内利润分别约为0.032 billion元、0.109 billion元、0.237 billion元、0.089 billion元人民币。

October's Popular IPOs

As autumn's golden October approaches, Futubull's new stock will also bring the popular Hong Kong IPOs of October:

$CR BEVERAGE (02460.HK)$ ：Earlier, the parent company of the purified water brand "Evian," China Resources Beverage, submitted a listing application to the main board of the Hong Kong Stock Exchange. If China Resources Beverage successfully goes public, the number of listed companies under China Resources Group will increase to 18. Evian, known for its long-term relaxed style, is now stepping onto the main stage of China Resources Group.

According to the prospectus, CR Beverage and businesses under CR Group synergistically develop in sales channels, digitalization, raw material procurement, project management, and other aspects. In terms of sales channels, their products are sold through CR Vanguard stores nationwide, increasing brand exposure and reaching consumers.

$CAOCAO INC (02643.HK)$ Geely-linked company, Caocao Mobility, submitted its listing application to the HKEx, with Huatai International, ABCI Capital, gf sec (Hong Kong) as its joint sponsors.

According to the prospectus, Caocao Mobility was incubated and established by Geely Holding Group in 2015, with a mission to reshape green shared mobility with technology. The company's platform connects passengers and drivers, launching the "Caocao Car" service from the beginning, and is committed to providing safe, affordable, and convenient comprehensive travel services.

$Ximalaya Inc. (810114.HK)$ On April 12, Ximalaya, China's largest online audio platform, submitted its listing application to the HKEx for the fourth time.

According to public data, Ximalaya has an average of 0.3 billion monthly users listening to audio content on Ximalaya; in 2023, the company achieved comprehensive profitability for the first time in decades, accounting for over 60% of the total listening time of all online audio platforms in China.

Recently submitted application for IPO hearing.

3 companies have recently submitted applications:

1) On September 17, $ShanH Technology (810573.HK)$ submitted an application for listing on the main board of the Hong Kong Stock Exchange, with China Renaissance as its exclusive sponsor. It is a company engaged in providing post-market trading services for consumer electronics products, focusing on the mobile phone recycling service market.

2) On September 19, $CONCH MAT TECH (02560.HK)$ submitted an application for listing on the main board of the Hong Kong Stock Exchange, with China Securities Co. Ltd. (CICC) International as its exclusive sponsor. The company is a supplier of fine chemical materials for the production and sale of cement additives, concrete additives, and related upstream raw materials.

3) On September 20, jiangsu $GUOFUHEE (02582.HK)$ Submitted listing application to the Hong Kong Stock Exchange, Haitong International and China Securities Hong Kong as its joint sponsors. The company is a leading hydrogen energy storage and transportation equipment manufacturer in China, researching and manufacturing the full industry value chain of hydrogen energy core equipment for hydrogen production, storage, transportation, refueling, and utilization.

Looking at Lingxun again, recently a company was listed through Lingxun:

On September 16, Zhejiang $TAIMEI TECH (02576.HK)$ passed the listing hearing on the main board of the Hong Kong Stock Exchange, with China International Capital Corporation and Morgan Stanley acting as joint sponsors.

As a digital solutions provider focusing on the medical science industry in China, Taimei Medical Technology designs and provides industry-specific software and digital services to accelerate research, development, and marketing of medical science products such as innovative drugs and medical instruments.