New economy companies are initiating a new wave of listings in Hong Kong

Since Hesai Technology successfully achieved dual listing in Hong Kong and the U.S. on September 16, a new wave of companies from the new economy, represented by autonomous driving and biomedicine, is rising to return to Hong Kong for listing. On October 17, biotechnology company I-Mab announced its return to Hong Kong for a dual primary listing; on October 14, intelligent driving companies WeRide and Pony AI successively passed the overseas listing filing with the China Securities Regulatory Commission, officially starting the Hong Kong stock listing process, with Pony AI having already passed the listing hearing of the Hong Kong Stock Exchange. Analysts believe that this wave of return is led by technology-intensive new economy companies and may improve the ecosystem of the Hong Kong stock market