CATL went public on the Hong Kong Stock Exchange on the 20th, with its stock price rising by over 10% after the opening. Industry insiders believe that CATL's listing on the Hong Kong Stock Exchange reflects the confidence of companies and investors in the Hong Kong stock market. The outstanding performance of Hong Kong stocks and the strength of the Hong Kong dollar since the beginning of this year have provided positive expectations for the new stock market. According to the distribution results released by CATL, the Hong Kong public offering was oversubscribed by approximately 150.2 times before taking into account the option to adjust the offering volume, raising a total of approximately HKD 35.66 billion. After deducting listing expenses, the net amount raised was HKD 35.33 billion. On the day of listing, CATL's opening price was HKD 296, up 12.55% from its issue price of HKD 263. As of noon on the same day, CATL quoted HKD 307.6 in midday trading, up 16.96%, with a transaction volume exceeding HKD 5.7 billion. The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, attended the listing ceremony on the same day and delivered a speech, stating that in the current complex geopolitical situation and the active diversification of funds in various regions, it is timely for mainland and other local enterprises to use Hong Kong as a listing platform to raise funds and expand their development. The listing of CATL on the Hong Kong Stock Exchange can accelerate its global strategic layout, and using Hong Kong financing to support international expansion will be a trend for the future export development of mainland enterprises, marking a new milestone for Hong Kong to serve the national development strategy with its own strengths. Chen Yiting, CEO of the Hong Kong Stock Exchange, said that it is very exciting for the exchange to support these leading companies to go public in the face of macroeconomic fluctuations. In terms of the funds raised, CATL is the largest IPO project issued by Hong Kong stocks in recent years, and also the largest IPO project issued globally so far this year. This is enough to prove that the Hong Kong market is very deep, and Hong Kong has very solid fundamentals to support such large-scale financing projects. CATL is a globally leading new energy innovation technology company that has been listed on the A-share market. It mainly engages in the research and development, production, and sales of power batteries and energy storage batteries to promote the replacement of mobile fossil energy and fixed fossil energy, and to achieve integrated innovation in market applications through electrification and intelligence. (New Society)