Futu News reported on June 17 that since it was included in the Hong Kong Stock Exchange and took effect today, Maoyan Entertainment opened high today. As of press release, it had surged more than 12% to HK$1,272, with a turnover of 7.856 million. The latest market capitalization was HK$14.326 billion.
Market source: Futu Securities
The Shenzhen Stock Exchange announced that due to the implementation of component stock adjustments in the Hang Seng Composite Mid-Cap Index, according to the relevant provisions of the “Shenzhen Stock Exchange Shenzhen-Hong Kong Stock Connect Business Implementation Measures”, the Hong Kong Stock Connect stock list has been adjusted and effective from today, and Maoyan Entertainment has transferred. This means that investors from mainland China will be able to directly participate in Maoyan's investments and transactions through the Hong Kong Stock Connect account.
Source: Shenzhen Stock Exchange announcement
The inclusion of the Hong Kong stock pass reflects the market's high recognition of Maoan's steady business performance, stock liquidity and development prospects. Being selected for the Hang Seng Hong Kong Stock Connect Index this time will further expand the company's shareholder base, drive stock liquidity and investment value, and strengthen the company's reputation and position in the capital market.