Four new stocks all fell on their first day, BENQ HOLDING once dropped 40%, the worst being NANHUA FUTURES: listed in line with the trend of internationalization

Four new stocks were listed on the Hong Kong Stock Exchange today, all diving against the market trend. Among them, the mainland private comprehensive hospital BenQ Holding (2581) once fell over 40%, hitting a low of HKD 5.42, resulting in a loss of HKD 1,960 for each board lot of 500 shares, making it the stock with the largest loss; it is currently reported at HKD 5.5, continuing to drop over 40%. Of the other three new stocks, the futures company NANHUA FUTURES (2691) once dropped nearly 28% this morning, hitting a low of HKD 8.7, resulting in a loss of HKD 1,650 for each board lot of 500 shares; the decline later narrowed, currently reported at HKD 9.55. In addition, the biopharmaceutical company Huazhang Biotechnology (2396) once fell 19% to HKD 31, resulting in a loss of HKD 1,440 for each board lot of 200 shares; it is currently reported at HKD 37.06, with the decline narrowing to nearly 3%. As for the state-owned cultural tourism enterprise Impression Dahongpao (2695), it once dropped 26% to HKD 2.66, resulting in a loss of HKD 940 for each board lot of 1,000 shares; it is currently reported at HKD 2.67, continuing to decline over 25%. NANHUA FUTURES expects "involution" to ease The chairman of NANHUA FUTURES, Luo Xufeng, stated that the company chose to go public in Hong Kong at an opportune time, primarily to align with the accelerating trend of internationalization and to leverage the Hong Kong capital market to enrich overseas business funding. As a comprehensive futures company, it has established an overseas headquarters in Hong Kong and has licensed branches in Singapore, Chicago, and London, with overseas business maintaining rapid growth of several dozen percentage points in recent years. Regarding competition in the mainland market, he admitted that there had been excessive competition previously, but believes that the market will self-correct and return to the right track. The call for "anti-involution" will also play a positive role. He anticipates that after an industry elimination battle, competition in the domestic market will gradually ease, while internationalization remains an important development option for Chinese futures companies. Impression Dahongpao hopes Wuyishan becomes the first choice for tourists The chairman of Impression Dahongpao, Zhong Baiyi, stated that the company successfully listed after submitting its application for the third time. The listing process was long and complex, but thanks to the joint efforts of the team, it gained market recognition. As a leading brand in mainland cultural tourism performances, the core performance revenue accounts for a significant proportion. In the future, the company plans to replicate its successful experience, starting with management output and then promoting performance project construction. In terms of overseas layout, it will be based in Hong Kong, collaborating with overseas teams to develop two-way, multi-faceted market interactions; domestically, it will focus on core performances as the hub, integrating resources such as cultural tourism towns and tea tourism hotels to create a core gathering place for nighttime tourism in Wuyishan, striving to become the first choice destination for tourists