Group 1 - The central government has allowed companies from the Guangdong-Hong Kong-Macao Greater Bay Area listed in Hong Kong to apply for listing on the Shenzhen Stock Exchange, with detailed implementation rules expected in the next 1 to 2 months [1] - As of June 11, there are 220 companies from the Greater Bay Area listed in Hong Kong but not in A-shares, with a total market value of 16 trillion HKD, including major firms like Tencent and Xiaopeng Motors [1] - The new policy is anticipated to provide mainland investors with more opportunities to access high-quality companies, particularly technology firms, which are expected to be the primary candidates for returning to A-shares [1] Group 2 - The application conditions for these companies are expected to be similar to those for mainland companies listing in Hong Kong, aimed at simplifying the approval process and avoiding redundant reviews [2] - A "green channel" mechanism is anticipated to be established to expedite the review process for companies already listed in Hong Kong, including reducing the need for repeated submissions and shortening financial reporting requirements [2] - VIE (Variable Interest Entity) structure companies are not prohibited from listing in mainland China, with some already successfully listed, particularly in the artificial intelligence sector [2]