每经热评︱中企扎堆上市外资疯狂“扫货” 港股募资额登顶重塑全球资本图谱

Group 1 - The core event is the successful IPO of CATL on the Hong Kong Stock Exchange, raising a net amount of HKD 35.3 billion, marking the largest IPO globally in 2023 [1] - The Hong Kong IPO market has shown a strong performance, with a total fundraising amount exceeding HKD 65 billion as of May 20, 2023, making it the leading market globally [1] - There are currently 151 companies waiting to go public in Hong Kong, with expectations that the total fundraising for the year will surpass HKD 150 billion [1] Group 2 - The IPO boom is characterized by a structural shift, with leading A-share companies driving the trend, including companies like Hengrui Medicine and Haitian Flavoring [1] - The strong performance of the Hong Kong market is reflected in the Hang Seng Index, which has seen a year-to-date increase of 17.37% [2] - The discount rate for H-shares compared to A-shares has significantly decreased, with CATL's H-share price only 6.5% lower than its A-share price, the lowest in the past decade [2] Group 3 - The current IPO activity is a result of both domestic companies seeking international expansion and the growing demand for diversified asset allocation by international capital [3] - The changing international trade landscape is influencing capital flows, indicating a shift of Chinese assets from being perceived as "price low" to "value high" [3]