北京商报：优质标的AH股溢价倒挂不稀奇 未来不排除有更多两地上市公司的港股股价超越A股的可能

Core Viewpoint - The phenomenon of A-H share premium inversion is not surprising, reflecting the preference of international capital for high-quality Chinese assets and the rational choices of southbound funds [1] Group 1: A-H Share Premium Inversion - The A-H share premium has significantly narrowed compared to the same period last year, with companies like CATL, China Merchants Bank, Hansoh Pharmaceutical, and Midea Group showing signs of premium inversion [1] - The premium inversion is concentrated in two types of listed companies: global industry leaders with valuation systems aligned with international standards, and stable assets characterized by high dividends and low volatility [1] Group 2: Market Trends and Future Outlook - As the capital market becomes more open, the interconnectivity mechanisms between the two markets will improve, leading to a continuous reduction in barriers to capital flow [1] - There is a possibility that more high-quality H-shares will surpass A-shares in price, particularly those that align with international investors' value judgments and possess long-term growth potential [1]