---
title: "Huitongda Receives CSRC Filing Approval for Major H-Share Full Circulation Plan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/272969951.md"
description: "Huitongda Network Co., Ltd. has received approval from the China Securities Regulatory Commission for its H-share full circulation plan, converting 349,749,813 domestic shares into H shares. The plan aims to enhance liquidity for international investors and is valid for 12 months from January 15, 2026. Huitongda will seek listing approval from the Hong Kong Stock Exchange, though the implementation details are not finalized. The current analyst rating for Huitongda's stock (HK:9878) is a Hold with a price target of HK$11.00."
datetime: "2026-01-19T11:39:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/272969951.md)
  - [en](https://longbridge.com/en/news/272969951.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/272969951.md)
---

# Huitongda Receives CSRC Filing Approval for Major H-Share Full Circulation Plan

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Huitongda Network Co., Ltd. Class H ( (HK:9878) ) just unveiled an announcement.

Huitongda Network Co., Ltd., a PRC-incorporated joint stock company listed in Hong Kong, operates as a network-based commercial services provider supporting retail and distribution channels across China. The company has received a filing notice from the China Securities Regulatory Commission confirming completion of the filing for the conversion of 349,749,813 domestic shares into H shares as part of its H share full circulation plan, valid for 12 months from 15 January 2026. Huitongda will now seek approval from the Hong Kong Stock Exchange for listing and trading of the converted H shares, though the detailed implementation plan for the conversion and listing has not yet been finalized. The initiative, which remains subject to additional regulatory procedures in Hong Kong and other jurisdictions, is expected to enhance liquidity and accessibility of the company’s shares for international investors, while shareholders and potential investors are cautioned about the remaining uncertainties in the process.

The most recent analyst rating on (HK:9878) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.

**More about Huitongda Network Co., Ltd. Class H**

Huitongda Network Co., Ltd. is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong as an H-share issuer, focusing on network-based commercial services and operating within China’s rapidly evolving retail and distribution ecosystem.

**Average Trading Volume:** 384,546

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$5.8B

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