Chen Jing, Executive Director of the International Investment Banking Department of China Securities Co., Ltd.: Since 2025, the average discount for the placement price of Hong Kong stocks for refinancing has been 7.5% compared to the previous closing pri

At the "Tide Rises in Hong Kong, Shared Success - Symposium on the Integrated Development of the Shenzhen-Hong Kong Capital Markets and Listing in Hong Kong", Chen Jing, Executive Director of the International Investment Banking Department of CSC, stated that Hong Kong stock placement projects are characterized by a short execution cycle and high financing efficiency. Since 2025, multiple Hong Kong listed companies have engaged in refinancing or shareholding through new stock placements and large block shareholding reductions, with placement prices averaging a discount of 7.5% compared to the previous day's closing price before the placement agreement date.