外资“基石”大幅增加 国际资本抢滩港股IPO

Group 1 - The number of foreign institutions participating as cornerstone investors in Hong Kong IPOs has significantly increased in 2023, with 15 out of 27 companies listing on the Hong Kong Stock Exchange attracting foreign investment, compared to only 3 out of 21 in the same period last year [1][5] - Foreign investors are primarily interested in sectors such as new consumption, new energy, and pharmaceuticals, indicating a recognition of the long-term value of China's core assets [1][5] - Notable companies that have attracted foreign cornerstone investors include CATL, Mijia Group, and Hengrui Medicine, among others [1][3] Group 2 - CATL's IPO on May 20 was one of the largest in recent years, attracting 23 cornerstone investors, including global sovereign wealth funds and major asset management firms [2][3] - The trend of increased foreign participation in Hong Kong IPOs is driven by a growing demand for international capital allocation and the benefits of China's industrial upgrade [5] - Foreign investors are focusing on high-growth sectors, with a preference for leading companies in the new economy, aiming for long-term financial returns [2][3] Group 3 - The new consumption sector has seen significant foreign investment, with Mijia Group raising $200 million from five cornerstone investors, including M&G plc [3][4] - The pharmaceutical sector is also attracting foreign interest, with companies like InnoCare Pharma securing cornerstone investors with international industry backgrounds, enhancing market confidence and long-term value [4][5] - Foreign institutions participating as cornerstone investors provide not only capital but also strategic collaboration opportunities, which can aid in technology transfer and resource integration [4][5]