港股IPO基石参与度跃升 境内外资本抢滩优质资产

Group 1 - The cornerstone investment in the Hong Kong IPO market has become increasingly active, with over 40% of the 43 IPOs in the first half of the year attracting more than five cornerstone investors, a significant increase compared to the same period last year [1] - The willingness of medium to long-term funds to participate in cornerstone investments has risen, as institutions seek to "lock in" quality assets amid improving market liquidity [1][2] - The consumer and healthcare sectors are particularly favored by cornerstone investors, with notable examples including the Thai coconut water brand attracting 11 cornerstone investors who collectively subscribed approximately $3.95 million, representing about 26% of the shares [2] Group 2 - The diversity of cornerstone investors in Hong Kong IPOs has increased, including foreign sovereign funds, global asset management giants, and domestic platforms, indicating a more varied investment landscape [3][4] - Foreign investors are particularly focused on industry leaders, with significant investments in companies like Heng Rui Pharmaceutical and Ningde Times, highlighting a trend towards selecting high-growth, profitable enterprises [4] - The Hong Kong market is positioned as a key platform for connecting quality Chinese enterprises with global capital, driven by the dual demand for "A+H listings" and the return of quality overseas Chinese assets [5]