[Commentary] On June 11, NetEase was officially listed on the Hong Kong Stock Exchange. After Alibaba, it became the second large-scale Chinese stock company to be listed in Hong Kong for the second time. Netease's opening price on the Hong Kong Stock Exchange was 133 Hong Kong dollars, and its share price rose 8.13%. Ding Lei, the founder and CEO of NetEase, appeared in the short video of the "cloud knocking gong" ceremony. He said that "listing in Hong Kong" is a new starting point for NetEase. He believes that after listing in Hong Kong, it will bring more value to NetEase customers.
[Explanation] Yang Yuchuan, chief macroeconomist of Huada Securities Co., Ltd., said in an interview that Hong Kong is one of the world's major financial centers and can attract investors from home and abroad. The second listing of enterprises in Hong Kong can also better avoid the uncertainty caused by Sino-US trade frictions. It is a win-win option for enterprises.
[Same period] Yang Yuchuan, Chief Macro Economist of BGI Securities
Hong Kong is one of the world's major financial centers and China's international financial center. This place has always had a lot of mainland investors and international investors, so it has a good radiation surface itself, so this is its innate condition, which may be good for companies and shareholders. Their listing in Hong Kong can increase the financing of enterprises, and can make it easier for mainland investors to invest in these enterprises and share the fruits of China's new economic development, so this is a win-win outcome.
[Commentary] It is understood that following NetEase, JD.com will also be listed in Hong Kong on June 18. Yang Yuchuan said that the listing of many Chinese new economic enterprises in Hong Kong can also improve Hong Kong's stock market structure and inject new vitality into the Hong Kong stock market.
[Same period] Yang Yuchuan, Chief Macro Economist of BGI Securities
As an international financial center, Hong Kong has performed well in the past, but in terms of Hong Kong’s stock market structure, relatively speaking, the old economic component is heavier, the proportion of financial real estate is relatively high, and the new economic component is relatively speaking. Weaker. We can see that if these new economic companies with excellent textures come to Hong Kong for listing, they will attract capital inflows, which obviously brings a new impetus.
[Commentary] Yang Yuchuan expressed his confidence in the future market of Hong Kong, especially after the Hong Kong-related national security legislation, I believe that Hong Kong’s business environment can be more stable and can be deeply integrated with the mainland economy. This is the continuous development of Hong Kong’s economy. The key is.
[Same period] Yang Yuchuan, Chief Macro Economist of BGI Securities
After the enactment of Hong Kong-related national security legislation, it actually brought Hong Kong one of the most direct results. The previous chaos in Hong Kong society may gradually disappear, and the business environment in Hong Kong will improve, become more stable, and integrate with the Mainland. It is easier to do. As we can see in Hong Kong’s economic prospects, its growth prospects will improve and it will be clearer.
Reporter Chen Anyi from Hong Kong
Editor in charge: [Liu Xian]