For the current A-shares, the listing rules require profit, but for most Internet technology companies, it is difficult to get enough profit at the initial stage of listing because of the large amount of capital investment in the initial stage of development. Moreover, there are many IPO companies queuing up for listing in China, and the listing process takes too long to obtain market financing as soon as possible.
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The capital markets of Hong Kong and the Mainland are interconnected.
In recent years, with the acceleration of the opening up of the mainland capital market, the interconnection between the mainland and Hong Kong capital markets has been deepening. Measures such as "Shanghai-Hong Kong Stock Connect", "Shenzhen-Hong Kong Stock Connect" and "Bond Connect" have been introduced one after another, which not only give full play to Hong Kong's advantages, enhance its competitiveness as an international financial center, but also promote the healthy development of multi-level capital markets in the Mainland.
With the acceleration of global monetary policy, the focus of global investment has shifted to the real economy, and high-quality new economic enterprises have become the focus of capital market competition in various countries. Through the reform of the listing system, the Hong Kong market has taken the initiative to enter the overall development of China's capital market, which will activate the "spring water" of China's finance at four levels.
Baidu encyclopedia-hong kong stocks
People's Network-Reform the listing system of Hong Kong stocks and promote interconnection