Befar(SH:601678) Qi Lu Wan Bao·2025-10-25 04:45Core Insights - The "A+H" listing model is becoming an important part of fundraising in the Hong Kong stock market [1] Group 1: Company Developments - Shandong Binhua Co., Ltd. has officially launched its "A+H" dual capital platform strategy, submitting its listing application for H-shares on the Hong Kong Stock Exchange [2] - The company was founded in 1968 and operates in three core sectors: chlor-alkali chemicals, C3 and C4 chemicals, and wet electronic chemicals [2] - LaKala Payment Co., Ltd. has also submitted an application for overseas listing on the Hong Kong Stock Exchange, with Citic Securities International as the sole sponsor [2] - Hitec Bio Co., Ltd. from Wuhan has announced plans to issue shares overseas and list on the Hong Kong Stock Exchange to enhance its global strategy [2] Group 2: Market Trends - Guanghetong Wireless Co., Ltd. has become the first wireless communication module company to achieve "A+H" listing, raising a total of HKD 2.9 billion through the issuance of approximately 135 million shares at HKD 21.50 each [3] - The funds raised will be used for research and development in robotics and edge AI, mergers and acquisitions, repaying bank loans, and supplementing working capital [3] - As of September 30, the Hong Kong Stock Exchange has raised USD 23.4 billion in IPOs this year, ranking first among major global stock exchanges [3] - The Hong Kong Stock Exchange has relaxed public holding requirements for "A+H" companies, allowing for either a projected market value of HKD 3 billion or a public holding of 10% [3] Group 3: IPO Activity - In the first nine months of the year, over 60 companies have gone public on the Hong Kong Stock Exchange, raising a total of HKD 182.9 billion, making it the top global market for IPOs [4] - There are approximately 300 pending listing applications, with half from new economy sectors such as electric vehicles, renewable energy, artificial intelligence, new materials, and biotechnology [4]