The reason behind the skyrocketing A-share price of Hongye Futures is that the issue price is low enough and the sub-IPO market is hot. On the other hand, the market is optimistic about the company's future expectations because of the continued favorable policies. However, the company's valuation is much higher than the industry average, so ordinary investors should not blindly chase after it.

Hongye Futures is a large futures brokerage company approved by China Securities Regulatory Commission. It is the director unit of China Futures Association and the president unit of Jiangsu Futures Association. The company is headquartered in Nanjing, Jiangsu Province. And in Beijing, Shanghai and other major domestic financial centers and key cities, to achieve the national layout, is one of the largest number of futures companies in China.