Core Insights - The article discusses the recent adjustments in the Hong Kong Stock Connect market, highlighting the rapid inclusion and exclusion of stocks, particularly new listings, and the implications for investors [1][4]. Group 1: Market Adjustments - As of September 2025, a total of 67 stocks were included in the Hong Kong Stock Connect, while 61 were removed, indicating a significant turnover in the market [1]. - New stocks listed for less than six months can quickly enter the Stock Connect if they meet liquidity and market capitalization requirements, raising concerns about the stability of these stocks [4][6]. Group 2: Inclusion Mechanism - The general rules for inclusion in the Stock Connect require a daily average market capitalization that ranks in the top 95% of the Hong Kong market and passing liquidity tests [1][2]. - New stocks can be included in the Stock Connect as soon as 70 days after listing if they meet the necessary criteria, which can lead to rapid price fluctuations [4][6]. Group 3: Case Studies - iFlytek Medical Technology, listed on December 30, 2024, saw its stock price drop nearly 40% after a brief surge due to speculative trading, highlighting the risks of rapid inclusion without solid market backing [6][7]. - Health Road, which also entered the Stock Connect shortly after listing, experienced a similar pattern, with its stock price soaring before plummeting due to weak fundamentals and lack of market interest [8][9]. - Cloud Wisdom, listed on June 30, 2025, had a significant initial price increase but faced a sharp decline after its inclusion in the Stock Connect, demonstrating the volatility associated with such rapid market movements [11][13].
新股70天火速入港股通：讯飞医疗科技借“AI+医疗”炒作后跌近40% 南向资金被套