180家A股企业涌向港股IPO

Group 1 - The Hong Kong IPO market is experiencing a surge in activity, with companies like Lens Technology successfully listing and raising significant capital, marking a record for CITIC Securities in 2025 [1] - The first half of the year saw a strong push in the Hong Kong IPO market driven by the "A-share + H-share" model, with a total financing scale of 88 billion HKD, reclaiming the top position globally [1] - Lens Technology's H-share issuance raised 47.68 billion HKD, achieving several key milestones, including being the first independent underwriting of a project with a market value exceeding 100 billion HKD in nearly two decades [1] Group 2 - There is a continuing trend of A-share companies seeking secondary listings in Hong Kong, with 180 A-share companies currently in the queue [3] - The Hong Kong market is viewed as a critical platform for companies going global, with significant advantages in financing efficiency and valuation differentiation across industries [3] - The core asset pricing power of A-shares is systematically shifting southward, positioning the Hong Kong market as a primary venue for value discovery of core assets [3]