山东省年内首家“A+H”上市公司诞生

Group 1 - Tianyue Advanced Technology Co., Ltd. officially listed on the Hong Kong Stock Exchange on August 20, marking the first "A+H" listed company in Shandong province this year [1][3] - Tianyue Advanced achieved the highest subscription multiple for public offerings in Hong Kong, with over 2000 times oversubscription [1] - The company is recognized as a "hidden champion" in the domestic silicon carbide substrate sector and ranked among the top three global manufacturers in this field, holding a market share of 16.7% [3][4] Group 2 - The recent trend of A-share listed companies seeking listings in Hong Kong is driven by favorable policies, global strategic needs, and narrowing AH share premiums [3][4] - Tianyue Advanced's dual listing is a strategic move to leverage resources from both capital markets, enhancing international visibility and attracting global investors [4] - The number of Hong Kong-listed companies from Shandong has been steadily increasing, with 71 companies across various sectors as of August 20, and over 10 more companies in the pipeline for IPOs [5]