Zheng Quan Shi Bao·2026-01-16 20:09Group 1 - Recent star companies in technology, consumer, and high-end manufacturing sectors are driving market momentum, enhancing the linkage between capital markets in both regions [1] - Notable A-share companies are making significant progress in their listings in Hong Kong, including Longqi Technology, which is currently in the process of going public and has attracted investments from major institutions [2] - Dongpeng Beverage has successfully passed the listing hearing in Hong Kong and has maintained a leading market share in China's functional beverage market, increasing from 15% in 2021 to 26.3% in 2024 [2] Group 2 - The AH premium index has shown slight fluctuations, reflecting a recent increase in A-share performance compared to H-shares, with the index reported at 120.43 points as of January 16, up from 115.44 points at the end of the previous year [6] - The recent trend of A-share companies listing in Hong Kong has led to a decrease in the AH premium index, as high-quality A-share companies enhance liquidity in the Hong Kong market [6] - Currently, there are 37 companies with an AH premium exceeding 100%, with Zhejiang Shibao leading at a premium rate of 360.30% [7] Group 3 - Multiple factors are contributing to the current trend of A-share companies listing in Hong Kong, including a stronger A-share market driven by high-tech sectors, while the Hong Kong market remains influenced by traditional sectors [8] - The liquidity situation in the A-share market, supported by long-term capital allocations and individual investors leveraging, contrasts with the Hong Kong market, which is affected by external risk preferences [8] - The Hong Kong IPO market is expected to remain active in 2026, with a significant number of companies in the pipeline, including 105 A-share projects [9]