Core Viewpoint - The trend of companies from Qingdao going public in Hong Kong is gaining momentum, with multiple firms submitting applications for listing on the Hong Kong Stock Exchange (HKEX) in 2023 [1][4]. Group 1: Companies Going Public - Qingdao Guoen Technology Co., Ltd. submitted its listing application to the HKEX on June 26, marking it as the fifth company from Qingdao to pursue a Hong Kong listing this year [1]. - Other companies that have applied for listing include GoerTek, Wenda Technology, Saintong Special Medical, and Kute Intelligent, all of which have significant hard technology attributes and are leaders in their respective sectors [5][8]. Group 2: Market Preferences - The HKEX is favored due to its lower entry requirements and shorter review periods, with nearly 80% of new listings from Qingdao in the past two years being on the HKEX [4]. - The companies listed are primarily in emerging industries such as new generation information technology, artificial intelligence, and life sciences, indicating a strong market demand for hard technology firms [9]. Group 3: Globalization Strategy - A key reason for Qingdao companies seeking to list in Hong Kong is to advance their globalization strategies, allowing them to raise funds in Hong Kong dollars or US dollars for overseas projects [10]. - Companies like Guoen and Kute Intelligent aim to enhance their international presence and operational capabilities through dual listings in both A-shares and H-shares [11][13]. Group 4: Recent Developments - As of 2024, Qingdao has a total of 19 companies listed on the HKEX, raising a total of 11.586 billion yuan, covering various industries including home appliance manufacturing and artificial intelligence [14]. - Recent activities include a roadshow event in May 2023, where several Qingdao companies showcased their potential for future listings, indicating a robust pipeline of candidates for the HKEX [16].