Xpeng Motors and LI Auto will enter HKSC in February and March respectively
The CITIC Securities reported Xpeng Motors-W (“XPeng” or the “Company”, NYSE: XPEV, HKEX: 9868. HK) and LI Auto-W. It is expected for them to enter the Hong Kong Stock Connect on Feb. 11th and Mar. 14th respectively.
Time and offering price for Xpeng Motors and LI Auto to be listed on the HKEX
Time：Jul. 7th , 2021
Price: Xpeng Motors was listed on the Hong Kong Exchanges and Clearing Limited issued with an offering price of HK$165.
XPeng became the first stock of smart electric vehicles on the Hong Kong Exchanges and Clearing Limited. It also became the first China concept stock to be dual primarily listed in the United States and Hong Kong last year.
Time: Aug. 12th, 2021
Price: The final offering price was HK$118 per share.
Li Auto became the second new car-building force to be listed on the Hong Kong Stock Exchange after Xpeng Motors.
The significance of Xpeng Motors and LI Auto entering the Hong Kong Stock Connect
Industry analysts say that the companies included in the Hong Kong Stock Connect stock pool are top in their industries, and being able to list on the main board of the Hong Kong Exchanges and Clearing Limited has already demonstrated the strength of the company.
One is to attract more institutional investors
The popularity will not only be greatly improved, but it will also attract the attention of more mainstream brokerage analysts, which in turn will attract great attention from institutional investors. As a result, it is of great significance for any company listed on the Hong Kong Exchanges and Clearing Limited to be included in the Hang Seng Index and Hong Kong Stock Connect.
Another is to attract more individual investors
The opening of Hong Kong Stock Connect can attract more mainland individual investors to participate, help China concept stocks to open up diversified financing channels, and improve their debt situation.