刚刚，万亿“宁王”大涨！

Market Overview - On May 20, the People's Bank of China lowered the Loan Prime Rate (LPR), leading to a surge in both A-shares and Hong Kong stocks, although A-shares later experienced a pullback with the Shenzhen Component and ChiNext Index briefly turning negative [2] - All three major indices in the A-share market ended up, with over 3,000 stocks rising, and the North China 50 Index reaching a historical high with a nearly 1% increase [2][3] A-share Performance - A-share market saw a collective rise in merger and acquisition concept stocks, with companies like Tianqi Mould and Binhai Energy hitting the daily limit [5] - High-position stocks experienced a significant drop, with Li Jun Co. hitting the daily limit down [5][8] - Several stocks, including Ningbo Ocean and Li Jun Co., saw declines of nearly 10% [8][9] Hong Kong Stock Market - The Hong Kong stock market showed stronger performance, with all three major indices rising nearly 1% [3] - Contemporary Amperex Technology Co., Ltd. (CATL), referred to as "Ning Wang," debuted on the Hong Kong stock market, rising over 13% and approaching a market capitalization of HKD 1.3 trillion [10][12] CATL IPO Details - CATL's IPO in Hong Kong raised approximately HKD 35.3 billion, with cornerstone investors including Sinopec and the Kuwait Investment Authority [12] - The funds raised will primarily be used for the construction of projects in Hungary, enhancing local supply capabilities [12] - CATL has maintained its position as the global leader in power batteries for eight consecutive years, with a projected market share of 37.9% in 2024, significantly ahead of its closest competitor [12] Pharmaceutical Sector Performance - The Hong Kong innovative pharmaceutical sector experienced a significant surge, with companies like 3SBio rising over 36% [13][14] - 3SBio entered a global development and commercialization agreement with Pfizer for a dual-specific antibody, marking a record deal for Chinese innovative drugs [15] - The domestic innovative drug sector is expected to see rapid growth, driven by increased commercialization efforts and international licensing [18][19]