CATL(SZ:300750) Xin Lang Cai Jing·2025-05-20 06:04Group 1 - CATL (宁德时代) officially listed on the Hong Kong Stock Exchange on May 20, opening 12.55% higher at HKD 296, with an issue price of HKD 263, achieving a market capitalization of HKD 1.34 trillion, making it one of the largest IPOs in Hong Kong in recent years and potentially the largest globally in 2025 [1] - As of May 20, 2025, the ChiNext Index (创业板指数) rose by 0.68%, with notable increases in constituent stocks such as XinNuoWei (新诺威) up 9.10% and TaiGe Medical (泰格医药) up 6.36% [1] - The ChiNext ETF (广发) recorded a trading volume of CNY 82.93 million during the session, with an average daily trading volume of CNY 261 million over the past year, ranking second among comparable funds [1] Group 2 - The ChiNext ETF (广发) experienced a significant growth of CNY 41.21 million in scale over the past two weeks, leading among comparable funds [2] - The ETF's share count increased by 79.1 million over the past six months, also ranking first in terms of new shares among comparable funds [2] - The ChiNext Index's current price-to-book ratio (PB) stands at 3.79, which is lower than 82.24% of the time over the past five years, indicating a favorable valuation [2] Group 3 - According to Industrial Securities, the technology sector has adjusted to low levels and is expected to regain focus in June due to a return to expected aesthetic patterns and a new wave of industry events [3] - The ChiNext ETF is viewed as a convenient investment vehicle that allows for exposure to a basket of leading ChiNext stocks, with a daily price fluctuation limit of ±20% [3] - The management fee and custody fee for the ChiNext ETF are among the lowest in its category, at 0.15% and 0.05% respectively [3]