Core Viewpoint - The rapid growth of IPOs in Bao'an District, Shenzhen, is attributed to a combination of strong government support, a robust pool of potential listing companies, and a favorable business environment, positioning it as a leading area for new listings in the region [1][2][3]. Group 1: IPO Activity - Daxing Technology (02543.HK), known as the "leader in folding bicycles," debuted on the Hong Kong Stock Exchange with a public subscription oversubscription rate of 7558 times, marking it as a new "super subscription king" in Hong Kong's history [1]. - Bao'an District has seen a significant increase in the number of listed companies, with 3 out of 13 new listings in Shenzhen this year coming from Bao'an, which accounts for nearly a quarter of the total [2]. - In 2024, Bao'an is expected to add 6 new listed companies, leading the city in this regard [3]. Group 2: Listing Support and Resources - Bao'an currently has 82 listed companies, ranking third in Shenzhen, with 64 in A-shares, the second highest in the city [2]. - The district has a strong pipeline of potential IPO candidates, with 45 companies currently in the IPO application and guidance process, and over 800 companies in reserve for future listings [3]. - Bao'an is home to 277 national-level specialized and innovative small giant enterprises and 21 national-level single champion enterprises, indicating a strong industrial base [3]. Group 3: Government and Financial Support - Bao'an's government actively supports businesses, providing responsive services to address various needs, which has been highlighted by local business leaders [3][7]. - The district plans to introduce over 100 new application scenarios annually starting in 2025, focusing on smart manufacturing, smart cities, and low-altitude economy [4][5]. - The recent investment and financing conference in Bao'an facilitated over 500 billion yuan in agreements, showcasing the district's commitment to attracting financial resources to support industrial growth [9]. Group 4: Industry Transformation - Bao'an is transitioning from a manufacturing hub to a strong manufacturing district, with 29 of Shenzhen's 100 provincial manufacturing champions located there [7]. - The district's manufacturing sector accounts for over one-third of Shenzhen's total, with large-scale industrial enterprises making up 40% of the city's total [7]. - The focus on hard technology and innovation is driving Bao'an's economic transformation, with many companies deeply embedded in the supply chains of major players like Apple, NVIDIA, Huawei, and BYD [3][6].

Core Viewpoint - The rapid growth of IPOs in Bao'an District, Shenzhen, is attributed to a combination of strong support for enterprises, a robust pipeline of potential listings, and favorable government policies [2][4][5]. Group 1: IPO Acceleration - Daxing Technology (02543.HK), known as the "leading folding bicycle company," debuted on the Hong Kong Stock Exchange with a public subscription oversubscription rate of 7558 times, setting a new record in Hong Kong [1]. - Bao'an District has seen a significant increase in the number of listed companies, with 3 out of 13 new listings in Shenzhen this year coming from Bao'an, which is nearly a quarter of the total [1][4]. - The district plans to add 6 more listed companies in 2024, leading the city in this regard [1][5]. Group 2: Listing Support and Resources - Bao'an currently has 82 listed companies, ranking third in Shenzhen, with 64 listed on A-shares, the second highest in the city [4]. - The district has a strong pipeline of potential listings, with 45 companies in the IPO application and guidance process, 52 on the New Third Board, and over 800 companies in dynamic reserve for future listings [5]. - Bao'an is home to 277 national-level specialized and innovative small giant enterprises and 21 national-level single champion enterprises, indicating a strong industrial base [5]. Group 3: Government and Policy Support - The local government provides extensive support to enterprises, addressing various needs such as rental pressures and customer resource connections [6][7]. - Bao'an plans to introduce over 100 new application scenarios and 1000 new technologies annually starting in 2025, focusing on smart manufacturing and low-altitude economy [6][7]. - The district's industrial ecosystem is enhanced by its strong manufacturing foundation, which supports high-precision requirements for upstream components [7]. Group 4: Financial Support and Investment - The recent investment conference in Bao'an facilitated connections between various enterprises and financial institutions, with 9 banks expected to provide credit to 12 companies [11]. - Major investment projects, including a 300 billion yuan private equity fund, were announced during the conference, indicating a strong influx of financial resources [11][12]. - Bao'an's focus on attracting financial resources is seen as a key driver for the growth of its industrial sector, with over 500 billion yuan in agreements signed at the conference [12].