Annual Review | The 2024 Hong Kong IPO rankings have been released! Mao Ge Ping and Lao Pu Gold surged over 70% on debut! Jingwei Tiandi made a spectacular profit of 6,560 HKD.
Hong Kong, as one of the important Global international financial centers, has been the largest Global IPO financing center seven times since 2009.
Is the QDII performance champion restricted by "lock-up"? Old shop Gold becomes the top contributor.
① Southern China's emerging economy ranks first in the annual performance list of QDII Funds for 9 months, with the heavily weighted stock Laoshu Gold experiencing a surge in share price of about 5 times since its listing, which has propelled the growth of this fund's net value. ② This fund holds a 23.54% stake in Laoshu Gold, but due to the product's participation in the cornerstone allotment of Laoshu Gold, the stocks cannot be sold at the moment and can only "passively" exceed the "double ten investment ratio limit."
The QDII performance champion has nearly 50% return this year, the top holding stock has risen over 480% in six months, and the holding ratio exceeds 23%. How was it able to break through the "double ten rule" restrictions?
① As of December 10, the Southern China Emerging Economy 9-Month Hold Mixed (QDII) A has achieved a year-to-date return of 49.18%, ranking first among all market QDII products; ② The fund's top heavy-held stock is Lao Pu Gold, with a holding ratio exceeding 23%; ③ As a cornerstone investor, the fund's holdings in Lao Pu Gold's stocks are still under a lock-up period and cannot be sold, thus the holding ratio has surpassed the 'double ten rule' limit.
Bvlgari CEO: The luxury goods market in China is expected to recover within two years.
Bvlgari CEO Jean-Christophe Babin stated that with the rebound of the Chinese economy, the Chinese luxury goods market may recover within the next 24 months.
A quick overview: Hong Kong stock market bullish and bearish stock list for October is out! Good performance, china-affiliated brokerage stocks continue to party, haitong sec soars 79%; positive restructuring news boosts chongqing iron with a 45% surge.
The Hang Seng Tech Index has experienced a significant drop this month, with a cumulative decline of over 5%; the Hang Seng Index and the A-share Index have fallen by 3.86% and 3.27% respectively.
Third quarter IPO report: Hong Kong stock market once again witnessed billion-dollar projects, the number and amount of Chinese enterprise IPOs rebounded year-on-year
In Q3 2024, a total of 52 Chinese companies successfully IPO'd on A-shares, Hong Kong stocks, and US stocks. The number of IPOs decreased by 52.29% year-on-year, but increased by 18.18% compared to the previous period. In the first three quarters, the number of IPOs of Chinese companies globally decreased by 54.98% year-on-year.