BEFAR GROUP

The trading floor of the Hong Kong Stock Exchange in July has never seemed as noisy as it is now. On July 8th and 9th, within just two days, twelve companies crowded together to ring the bell, with seven companies doing so on a single day, a spectacle even approaching historical peaks. However, beneath the surface of this "multiple bells ringing together" prosperity, the increasingly cooling sensation of funds for IPO subscriptions cannot be concealed. Except for Qiyunshan Food (02797.HK) surging over 100% on its debut, the performance of the other new stocks has been unremarkable, even for the "big white horse" from A-shares listing in Hong Kong, $LUXSHARE ICT(02475.HK) ...

Yongkang's IPO has been delayed, and there probably won't be any new listings this week. Before getting to the main topic, let me quickly kneel down in apology—it's a classic case of one slip undoing a hundred precautions, as the saying goes: you can't walk by the river without getting your shoes wet. So, I hope my friends will forgive me. At the time, Xiaoxin thought it was "not a big profit, but shouldn't break the issue price either." Unexpectedly, Binhua still broke its issue price. Luckily, I only lost a few hundred bucks (fidgets). Alright, back to the topic, let's talk about today's grey market: Jinghe Integration (02249.HK): The grey market trend was steady, hitting a high of HK$38.1 during the session...