Insights
China H vs China A: a tale of two markets

The Hong Kong stock market has been in the spotlight this year. The China H shares index has risen by around 25% with the DeepSeek announcement in particular boosting sentiment towards internet platforms.1 These are listed in Hong Kong and have high weightings in widely followed benchmarks. The Hong Kong market resurgence has also notably been accompanied by a surge in new listing activity, as Chinese companies raise capital to fund global expansion plans.