The dual listing in two places creates new opportunities, and the "win-win" situation of A-shares and H-shares is gradually improving

The dual listing of "A+H" is gradually gaining momentum. Driven by multiple factors such as the revaluation of Chinese assets, improved liquidity in the Hong Kong stock market, and companies going overseas, an increasing number of high-quality A-share companies are listing in Hong Kong, attracting a lot of international long-term funds for oversubscription, pushing the discount of AH shares to a premium. At the same time, the Hong Kong stock market is also quietly changing due to this wave of enthusiasm— the market capitalization share of new economy sectors is increasing, incremental funds are continuously flowing in, and the valuation center is rising. Some believe that the valuation of high-quality core assets in A-shares is also expected to be restored through "Hong Kong."