On the first trading day of September, the Hong Kong stock market ushered in large-scale IPOs. Cross-border e-commerce giant Xiyin-W was officially listed on the main board of the Hong Kong Stock Exchange, raising about HK$13.2 billion. On the same day, Baidu Group officially completed the transition from its secondary listing status on the Hong Kong Stock Exchange to a dual major listing on the Hong Kong Stock Exchange and NASDAQ. Analysts believe that the successive landings of large-scale IPOs and the continued deepening of dual major listing mechanisms mark a further broadening of the supply channels for high-quality assets in the Hong Kong stock market. As the return projects of leading technology companies, industry leaders and Chinese securities companies advance one after another, the Hong Kong stock market is ushering in a wave of high-quality expansion of listing resources. An increase in the supply of high-quality assets will further enhance the attractiveness of Hong Kong stocks to global capital and provide support for improved market liquidity and valuation restoration.

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