Midea Group Co., Ltd (00300.HK) was listed this morning, with a stock price of 59.3 yuan, compared to the listing price of 54.8 yuan, up 4.5 yuan or 8.2%, with a trading volume of 37.2 million shares and a total investment of 2.194 billion yuan. The company's stock price rose immediately after the market opened, reaching a high of 60 yuan, a 9.5% premium over the IPO price.

Chairman Fang Hongbo stated in his speech at the listing ceremony that the company's listing on the Hong Kong capital markets will help accelerate its global expansion.

Hong Kong Exchanges and Clearing Limited (00388.HK) CEO Charles Li attended the listing ceremony and pointed out that Midea Group's listing reflects one of the five measures introduced by the China Securities Regulatory Commission to encourage large mainland Chinese companies to list in Hong Kong. He also expressed confidence that Hong Kong's new stock market will rank among the top five this year.