Hong Kong stocks to fight the new, "set back" is often one of the core of the game between institutions and retail investors, underwriters through the artificial manipulation of the allocation ratio of new shares to achieve the concentration of chips and short-term arbitrage.Today's listing of $RONGTA TECH(09881)$ and $NEWTREND GROUP(02573)$ are typical of the set back.Definition and core logic of set backSet-back refers to the mechanism whereby the issuer (listed company, sponsor) takes advantage of the special provisions in the Hong Kong IPO rules to artificially depress the allocation ratio of retail investors and retain more shares in the hands of institutions, thus creating a concentration of chips
Hong Kong's IPO Market Boom with HKEX Stock Gains
Hong Kong's IPO market is thriving with fundraising exceeding HKD76 billion YTD, a significant increase from last year. HKEX stock surged over 2% to a three-year high. Financial Secretary Paul Chan highlighted the market's success, attributing it to the attractiveness of the Hong Kong stock market and improved asset quality. The surge in H-share issuance plans from top companies reflects the market's growing appeal. This trend signals a positive outlook amidst geopolitical challenges.