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2021-08-20

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Chinese concept stocks "broken brothers" welcome a heavy new friend: Alibaba

港美股中概股的“破发兄弟”中，迎来了一位重磅的朋友，阿里巴巴。 2021年8月17日，港股阿里巴巴暴跌4.77％，收报171.8港元，跌破176港元的发行价。就在投资者们还在“幻想破发之后必有反弹”

Chinese concept stocks "broken brothers" welcome a heavy new friend: Alibaba

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Alicia Ling
·2021-08-21
如何破局？
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jianguang
·2021-08-20
你好
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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":836117280,"tweetId":"836117280","gmtCreate":1629464653540,"gmtModify":1676530049408,"author":{"id":3574395209516109,"idStr":"3574395209516109","authorId":3574395209516109,"authorIdStr":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":2,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Baba go</body></html>","htmlText":"<html><head></head><body>Baba go</body></html>","text":"Baba go","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/836117280","repostId":1114951642,"repostType":4,"repost":{"id":"1114951642","kind":"news","weMediaInfo":{"introduction":"港股挖掘机将每天为您推送最具价值的港股、美股、A股投资资讯！第一时间把握全球政策动向，先人一步了解主流资金流向，监测主力行踪，解读公司公告，追踪活跃个股，让您畅享投资财富盛宴!","home_visible":1,"media_name":"智通财经APP","id":"12","head_image":"https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab"},"pubTimestamp":1629456144,"share":"https://ttm.financial/m/news/1114951642?lang=en_US&edition=fundamental","pubTime":"2021-08-20 18:42","market":"us","language":"zh","title":"Chinese concept stocks \"broken brothers\" welcome a heavy new friend: Alibaba","url":"https://stock-news.laohu8.com/highlight/detail?id=1114951642","media":"智通财经APP","summary":"港美股中概股的“破发兄弟”中，迎来了一位重磅的朋友，阿里巴巴。\n2021年8月17日，港股阿里巴巴暴跌4.77％，收报171.8港元，跌破176港元的发行价。\n就在投资者们还在“幻想破发之后必有反弹”","content":"Among the \"breaking brothers\" of Chinese concept stocks in Hong Kong and US stocks, a heavy friend has been welcomed.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>。On August 17, 2021, the Hong Kong stock Alibaba plummeted 4.77% to close at HK $171.8, falling below the issue price of HK $176.Just as investors were still \"fantasizing that there will be a rebound after the break\", Alibaba fell for three consecutive days, plunging below the issue price.<img src=\"https://static.tigerbbs.com/b30635fcd352a962b4e117b89a43c093\" tg-width=\"630\" tg-height=\"393\" referrerpolicy=\"no-referrer\">1、Collectively broken \"Chinese beggar stocks\"Since the beginning of this year, Chinese concept stocks have a new nickname: \"Chinese beggar stocks\".In terms of US stocks:As of July 29, 2021, there are about 79 Chinese concept stocks that have been listed in the United States in the past three years and have not been delisted, and more than 70% of them are in a state of breaking.June 26, 2021,<a href=\"https://laohu8.com/S/MF\">Daily excellent fresh</a>It plummeted 25% at the opening. As of 1:45 a.m. Beijing time, the daily fresh price was quoted at US $9.8, down about 25% from the IPO price of US $13; At two o'clock in the morning, Daily Youxian plummeted to US $8.68 again, a drop of 33%, creating a disaster-level breakthrough after the listing of Chinese concept stocks.July 6, 2021,<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Travel suffered a heavy setback in the United States, and the stock price fell nearly 20%, falling below the issue price.Hong Kong stocks:Kuaishou Technology, listed in Hong Kong on February 5, 2021, was the world's largest IPO stock in the first half of the year, with a fundraising scale of HK $48.3 billion; In addition, listed on the Hong Kong stock market<a href=\"https://laohu8.com/S/02618\">JD Logistics</a>、<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Group,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>The fundraising scale exceeds HK $23 billion, ranking fifth, sixth, and seventh in the world respectively.However, at present, the above-mentioned four giant IPO companies have all broken deeply, among which Kuaishou nearly tripled on the first day, and then fell below the issue price of HK $115 after the \"roller coaster\".Data shows that the China Overseas Internet ETF (KWEB.US) has experienced capital outflows for two consecutive days, and the ETF has fallen by more than 40% so far this year.The ETF had attracted record single-day inflows last month. However, analysts pointed out that due to the uncertain investment prospects of Zhonggai technology stocks, buyers who had entered the market to buy bottoms began to abandon these stocks. Coupled with some fund managers who were optimistic about Chinese concept stocks, such as Cathie Wood of Ark Investment Management Company, who aggressively reduced their holdings of Chinese concept stocks, other institutional and retail investors have begun to follow suit.2、Alibaba has broken many times in historyIn fact, Alibaba has seen it a lot for a long time.In 2008, Alibaba broke the Hong Kong stock market.In November 2007, Alibaba was listed on the Hong Kong Stock Exchange with B2B business as the main body, raising HK $11.6 billion, becoming the largest financing scale of Chinese Internet companies at that time. After listing, its share price soared to three times the issue price.However, when the global economic crisis broke out in 2008, Ali's B2B business was greatly affected, and the stock price began to collapse. It broke in March 2008 and fell to a low of HK $3.42 in October, 30% lower than the issue price. Compared with the previous high of 41.4 yuan, it fell by more than 90%.In 2012, Alibaba announced that it would be privatized at a cost of HK $19 billion at HK $13.5 per share, temporarily bidding farewell to the Hong Kong Stock Exchange.In 2015, Alibaba broke its stock market in the US stock market.On September 20, 2014, Alibaba was listed on the new york Stock Exchange in the United States, closing at US $93.89 on the first day, an increase of 38.07% from the issue price.On August 23, 2015, the global stock market plummeted, and the U.S. stock market that opened at night was not spared. Within half an hour of opening, the three major indexes all fell by around 4%. Alibaba's stock, which continued to decline with the general trend, opened at $58.16, falling below the IPO price of $68 in one fell swoop.Alibaba in 2015 was also in crisis. In August 2015, Alibaba's quarterly report was disappointing, with revenue increasing by 28% year-on-year and China's retail business sales increasing by 34%. These two key indicators were lower than the average expectation of previous analysts, and they were the slowest quarter in three years.In June 2015, Ali warned analysts that the ban on online sales of lottery tickets, the transfer of small and micro finance business to Ant Financial Group, and the reduction of the fees of Juhuasuan platform would all have an impact on this quarter's revenue. According to group CFO Wu Wei in an analyst conference call, if all these effects are excluded, the company's revenue should increase by about 36% year-on-year this quarter.After the break in 2015, Alibaba proposed a $4 billion stock repurchase plan, funded by Chairman Jack Ma and Vice Chairman Tsai Chongxin.Interestingly, this time Alibaba's performance also fell short of expectations + the stock price continued to fall, and Alibaba still resorted to the trick of \"buyback\".On the evening of August 3, 2021, after Alibaba announced a quarterly report on miss the market expectation, it authorized the company to increase the total repurchase plan from US $10 billion to US $15 billion, valid until the end of 2022. This repurchase plan totals US $15 billion (nearly 100 billion yuan). This is the largest repurchase program ever of Alibaba Group.In 2015, when Alibaba's stock price broke, CEO Zhang Yong personally went off to cheer up the company.On August 25, 2015, Zhang Yong said in a letter to employees: \"This is not the first global stock market crash; Of course, it will not be the last; Alibaba's value is reflected in our pursuit of ideals and Among the value created for customers, this value will not change with changes in stock prices. Please turn your eyes from the stock market back to customers... forget the stock price and be calm; Keep your feet on the ground and move on! \"The reason at that time was that Alibaba was very generous to employees in terms of equity incentives at that time. Therefore, the rise and fall of stock prices had a greater impact on the personal wealth of Alibaba employees than other companies. Zhang Yong published this letter at that time. On the one hand, he expressed his confidence in the company to employees and the outside world. On the other hand, it may be that Ali employees did \"spend more and more time watching the market, which affects their work.\"This time Alibaba's Hong Kong stock market broke, Alibaba has not seen any statement yet.In addition, in 2019, after Alibaba returned to the Hong Kong stock market, it also broke.In 2019, Alibaba returned to the Hong Kong stock market with an issue price of HK $176. On November 26, Alibaba closed at HK $187.60 on its first day of listing, an increase of 6.59%. The total market value is HK $4.01 trillion, exceeding the total market value of HK $3.2 trillion<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>, becoming the largest stock in the Hong Kong stock market by market capitalization.On March 18, 2020, Alibaba closed at HK $173, falling below the issue price of HK $176.But that time, Alibaba returned to the upward trend after a short-term adjustment.This time, Alibaba's stock price dropped to a minimum of HK $155, which is far from the issue price, and there is no sign of rebound yet. It can be regarded as \"solid\" and \"comfortable\".3、Do Chinese concept stocks have a future?In terms of US stocks:\"The future of Chinese companies listed in the United States is hard to tell. It depends on whether they can meet the accounting standards in the United States. At present, the regulation in the United States is very strict. For Chinese companies preparing to list in the United States, it is even more necessary to prepare for crisis response,\" said Chen Kaifeng, chief economist of Huisheng Financial Management.\"In the past, due to the restrictions on the AH market listing system, some unprofitable companies with different rights to the same shares could only choose to go public in the United States. This year, domestic and foreign regulatory policies have continued to tighten, and the reform of the AH market system has created conditions for the return of Chinese concept stocks. Under the background, US stocks and Chinese concept stocks return<a href=\"https://laohu8.com/S/00170\">China Capital</a>The market is the general trend. \"<a href=\"https://laohu8.com/S/000776\">GF Securities</a>Chief strategist Dai Kang said.At a time when concept stocks in the US stock market are becoming increasingly difficult, returning to Hong Kong for listing has become the choice of many companies.According to a Deloitte research report, benefiting from the secondary listing and the listing of new shares with different equity structures, the total amount of new share financing in Hong Kong in the first half of 2021 rose by 138% year-on-year to HK $209.7 billion. The highest record since; In the first half of 2021, the financing amount of the top four new shares all exceeded HK $20 billion. Benefiting from a number of large new shares, the average financing scale of the Hong Kong main board this year has increased significantly by 182% to HK $1.81 billion.However, after landing on the Hong Kong stock market, these Chinese concept stocks are not comfortable.Regarding the future trend of Hong Kong stock market,<a href=\"https://laohu8.com/S/03032\">Hang Seng Technology ETF</a>Fund manager Ran Linghao believes that the performance of Hong Kong stocks in 2020 is obviously not as good as that of US stocks and A shares, but the stagflation of Hong Kong stocks in the early stage provides sufficient room for future compensatory gains, and there will be multiple kinetic energy driving Hong Kong stocks to rise in the future. In the long run, the trend of the Hong Kong stock market is completely determined by the profitability of listed companies; In the next two years, the profits of listed companies in Hong Kong stocks are expected to rise rapidly, strongly supporting the trend of Hong Kong stocks.Some companies are also eyeing A shares, such as<a href=\"https://laohu8.com/S/LI\">Li Auto</a>。On August 12, more than a year after its listing on the U.S. stock market, Li Auto IPO again and landed in the Hong Kong stock market, becoming the successor to<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>After that, the second dual-listed new car-making power company. Issue priceHK $118Li Auto, one of the three giants of new forces, broke its share price on the first day of listing, and then fell continuously. On August 20, its value closed at HK $104.6.Shen Yanan, president of Li Auto, said that the ideal may have to \"return to A\".\"Li Auto U.S. stocks, Hong Kong stocks, and A-shares are all our plans to expand capital channels throughout the market, so we do not rule out the possibility of returning to A-shares.\"","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese concept stocks \"broken brothers\" welcome a heavy new friend: Alibaba</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese concept stocks \"broken brothers\" welcome a heavy new friend: Alibaba\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/12\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n智通财经APP \n2021-08-20 18:42\n</div>\n</a>\n</h4>\n</header>\n<article>\nAmong the \"breaking brothers\" of Chinese concept stocks in Hong Kong and US stocks, a heavy friend has been welcomed.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>。On August 17, 2021, the Hong Kong stock Alibaba plummeted 4.77% to close at HK $171.8, falling below the issue price of HK $176.Just as investors were still \"fantasizing that there will be a rebound after the break\", Alibaba fell for three consecutive days, plunging below the issue price.<img src=\"https://static.tigerbbs.com/b30635fcd352a962b4e117b89a43c093\" tg-width=\"630\" tg-height=\"393\" referrerpolicy=\"no-referrer\">1、Collectively broken \"Chinese beggar stocks\"Since the beginning of this year, Chinese concept stocks have a new nickname: \"Chinese beggar stocks\".In terms of US stocks:As of July 29, 2021, there are about 79 Chinese concept stocks that have been listed in the United States in the past three years and have not been delisted, and more than 70% of them are in a state of breaking.June 26, 2021,<a href=\"https://laohu8.com/S/MF\">Daily excellent fresh</a>It plummeted 25% at the opening. As of 1:45 a.m. Beijing time, the daily fresh price was quoted at US $9.8, down about 25% from the IPO price of US $13; At two o'clock in the morning, Daily Youxian plummeted to US $8.68 again, a drop of 33%, creating a disaster-level breakthrough after the listing of Chinese concept stocks.July 6, 2021,<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Travel suffered a heavy setback in the United States, and the stock price fell nearly 20%, falling below the issue price.Hong Kong stocks:Kuaishou Technology, listed in Hong Kong on February 5, 2021, was the world's largest IPO stock in the first half of the year, with a fundraising scale of HK $48.3 billion; In addition, listed on the Hong Kong stock market<a href=\"https://laohu8.com/S/02618\">JD Logistics</a>、<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Group,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>The fundraising scale exceeds HK $23 billion, ranking fifth, sixth, and seventh in the world respectively.However, at present, the above-mentioned four giant IPO companies have all broken deeply, among which Kuaishou nearly tripled on the first day, and then fell below the issue price of HK $115 after the \"roller coaster\".Data shows that the China Overseas Internet ETF (KWEB.US) has experienced capital outflows for two consecutive days, and the ETF has fallen by more than 40% so far this year.The ETF had attracted record single-day inflows last month. However, analysts pointed out that due to the uncertain investment prospects of Zhonggai technology stocks, buyers who had entered the market to buy bottoms began to abandon these stocks. Coupled with some fund managers who were optimistic about Chinese concept stocks, such as Cathie Wood of Ark Investment Management Company, who aggressively reduced their holdings of Chinese concept stocks, other institutional and retail investors have begun to follow suit.2、Alibaba has broken many times in historyIn fact, Alibaba has seen it a lot for a long time.In 2008, Alibaba broke the Hong Kong stock market.In November 2007, Alibaba was listed on the Hong Kong Stock Exchange with B2B business as the main body, raising HK $11.6 billion, becoming the largest financing scale of Chinese Internet companies at that time. After listing, its share price soared to three times the issue price.However, when the global economic crisis broke out in 2008, Ali's B2B business was greatly affected, and the stock price began to collapse. It broke in March 2008 and fell to a low of HK $3.42 in October, 30% lower than the issue price. Compared with the previous high of 41.4 yuan, it fell by more than 90%.In 2012, Alibaba announced that it would be privatized at a cost of HK $19 billion at HK $13.5 per share, temporarily bidding farewell to the Hong Kong Stock Exchange.In 2015, Alibaba broke its stock market in the US stock market.On September 20, 2014, Alibaba was listed on the new york Stock Exchange in the United States, closing at US $93.89 on the first day, an increase of 38.07% from the issue price.On August 23, 2015, the global stock market plummeted, and the U.S. stock market that opened at night was not spared. Within half an hour of opening, the three major indexes all fell by around 4%. Alibaba's stock, which continued to decline with the general trend, opened at $58.16, falling below the IPO price of $68 in one fell swoop.Alibaba in 2015 was also in crisis. In August 2015, Alibaba's quarterly report was disappointing, with revenue increasing by 28% year-on-year and China's retail business sales increasing by 34%. These two key indicators were lower than the average expectation of previous analysts, and they were the slowest quarter in three years.In June 2015, Ali warned analysts that the ban on online sales of lottery tickets, the transfer of small and micro finance business to Ant Financial Group, and the reduction of the fees of Juhuasuan platform would all have an impact on this quarter's revenue. According to group CFO Wu Wei in an analyst conference call, if all these effects are excluded, the company's revenue should increase by about 36% year-on-year this quarter.After the break in 2015, Alibaba proposed a $4 billion stock repurchase plan, funded by Chairman Jack Ma and Vice Chairman Tsai Chongxin.Interestingly, this time Alibaba's performance also fell short of expectations + the stock price continued to fall, and Alibaba still resorted to the trick of \"buyback\".On the evening of August 3, 2021, after Alibaba announced a quarterly report on miss the market expectation, it authorized the company to increase the total repurchase plan from US $10 billion to US $15 billion, valid until the end of 2022. This repurchase plan totals US $15 billion (nearly 100 billion yuan). This is the largest repurchase program ever of Alibaba Group.In 2015, when Alibaba's stock price broke, CEO Zhang Yong personally went off to cheer up the company.On August 25, 2015, Zhang Yong said in a letter to employees: \"This is not the first global stock market crash; Of course, it will not be the last; Alibaba's value is reflected in our pursuit of ideals and Among the value created for customers, this value will not change with changes in stock prices. Please turn your eyes from the stock market back to customers... forget the stock price and be calm; Keep your feet on the ground and move on! \"The reason at that time was that Alibaba was very generous to employees in terms of equity incentives at that time. Therefore, the rise and fall of stock prices had a greater impact on the personal wealth of Alibaba employees than other companies. Zhang Yong published this letter at that time. On the one hand, he expressed his confidence in the company to employees and the outside world. On the other hand, it may be that Ali employees did \"spend more and more time watching the market, which affects their work.\"This time Alibaba's Hong Kong stock market broke, Alibaba has not seen any statement yet.In addition, in 2019, after Alibaba returned to the Hong Kong stock market, it also broke.In 2019, Alibaba returned to the Hong Kong stock market with an issue price of HK $176. On November 26, Alibaba closed at HK $187.60 on its first day of listing, an increase of 6.59%. The total market value is HK $4.01 trillion, exceeding the total market value of HK $3.2 trillion<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>, becoming the largest stock in the Hong Kong stock market by market capitalization.On March 18, 2020, Alibaba closed at HK $173, falling below the issue price of HK $176.But that time, Alibaba returned to the upward trend after a short-term adjustment.This time, Alibaba's stock price dropped to a minimum of HK $155, which is far from the issue price, and there is no sign of rebound yet. It can be regarded as \"solid\" and \"comfortable\".3、Do Chinese concept stocks have a future?In terms of US stocks:\"The future of Chinese companies listed in the United States is hard to tell. It depends on whether they can meet the accounting standards in the United States. At present, the regulation in the United States is very strict. For Chinese companies preparing to list in the United States, it is even more necessary to prepare for crisis response,\" said Chen Kaifeng, chief economist of Huisheng Financial Management.\"In the past, due to the restrictions on the AH market listing system, some unprofitable companies with different rights to the same shares could only choose to go public in the United States. This year, domestic and foreign regulatory policies have continued to tighten, and the reform of the AH market system has created conditions for the return of Chinese concept stocks. Under the background, US stocks and Chinese concept stocks return<a href=\"https://laohu8.com/S/00170\">China Capital</a>The market is the general trend. \"<a href=\"https://laohu8.com/S/000776\">GF Securities</a>Chief strategist Dai Kang said.At a time when concept stocks in the US stock market are becoming increasingly difficult, returning to Hong Kong for listing has become the choice of many companies.According to a Deloitte research report, benefiting from the secondary listing and the listing of new shares with different equity structures, the total amount of new share financing in Hong Kong in the first half of 2021 rose by 138% year-on-year to HK $209.7 billion. The highest record since; In the first half of 2021, the financing amount of the top four new shares all exceeded HK $20 billion. Benefiting from a number of large new shares, the average financing scale of the Hong Kong main board this year has increased significantly by 182% to HK $1.81 billion.However, after landing on the Hong Kong stock market, these Chinese concept stocks are not comfortable.Regarding the future trend of Hong Kong stock market,<a href=\"https://laohu8.com/S/03032\">Hang Seng Technology ETF</a>Fund manager Ran Linghao believes that the performance of Hong Kong stocks in 2020 is obviously not as good as that of US stocks and A shares, but the stagflation of Hong Kong stocks in the early stage provides sufficient room for future compensatory gains, and there will be multiple kinetic energy driving Hong Kong stocks to rise in the future. In the long run, the trend of the Hong Kong stock market is completely determined by the profitability of listed companies; In the next two years, the profits of listed companies in Hong Kong stocks are expected to rise rapidly, strongly supporting the trend of Hong Kong stocks.Some companies are also eyeing A shares, such as<a href=\"https://laohu8.com/S/LI\">Li Auto</a>。On August 12, more than a year after its listing on the U.S. stock market, Li Auto IPO again and landed in the Hong Kong stock market, becoming the successor to<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>After that, the second dual-listed new car-making power company. Issue priceHK $118Li Auto, one of the three giants of new forces, broke its share price on the first day of listing, and then fell continuously. On August 20, its value closed at HK $104.6.Shen Yanan, president of Li Auto, said that the ideal may have to \"return to A\".\"Li Auto U.S. stocks, Hong Kong stocks, and A-shares are all our plans to expand capital channels throughout the market, so we do not rule out the possibility of returning to A-shares.\"\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7064c4d7d0e0e65c6e1138157a714384","relate_stocks":{"TTTN":"老虎中美互联网巨头ETF","09988":"阿里巴巴-W","BABA":"阿里巴巴","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114951642","content_text":"港美股中概股的“破发兄弟”中，迎来了一位重磅的朋友，阿里巴巴。\n2021年8月17日，港股阿里巴巴暴跌4.77％，收报171.8港元，跌破176港元的发行价。\n就在投资者们还在“幻想破发之后必有反弹”之际，阿里巴巴又连续三日下跌，在发行价下方断崖俯冲。\n\n1、集体破发的“中丐股”\n今年以来，中概股有了新的诨号：“中丐股”。\n美股方面：\n截至2021年7月29日，近三年赴美上市并且目前未退市的中概股约有79家，其中有70%以上的企业处于破发状态。\n2021年6月26日，每日优鲜开盘暴跌25%，截至北京时间凌晨1：45，每日优鲜报价9.8美元，较IPO价为13美元下跌约25%；凌晨两点，每日优鲜再度暴跌至8.68美元，跌幅达33%，制造了中概股上市后堪称灾难级的破发现场。\n2021年7月6日，滴滴出行在美遭遇重挫，股价跌近20%，跌破发行价。\n港股方面：\n2021年2月5日在香港上市的快手科技是上半年全球最大IPO个股，募资规模483亿港元；另外，在港股上市的京东物流、百度集团、哔哩哔哩的募资规模都超过230亿港元，分别位列全球第五、第六、第七位。\n然而，当前上述四家巨无霸IPO的公司悉数深度破发，其中快手首日上涨近两倍，之后走出的“过山车”后，跌破115港元的发行价。\n数据显示，中国海外互联网ETF(KWEB.US)已经连续两天出现资金流出，该ETF今年至今为止已下跌超40%。\n该ETF曾在上个月吸引了创纪录的单日资金流入。然而，分析师指出，因中概科技股的投资前景不明，曾经入场抄底的买家开始放弃这些股票。再加上一些曾经看好中概股的基金经理，如Ark投资管理公司的Cathie Wood激进减持中概股，其他的机构及散户投资者也开始纷纷效仿。\n2、阿里巴巴史上多次破发\n破发什么的，其实阿里巴巴早就见得多了。\n2008年，阿里巴巴在港股破发过。\n2007年11月，阿里巴巴以B2B业务作为主体在港交所上市，募资116亿港元，成为当时中国互联网公司融资规模之最。上市后，其股价曾飙涨至发行价3倍。\n然而，2008年全球经济危机爆发，阿里B2B业务受到巨大影响，股价开始崩盘。2008年3月破发，10月跌至3.42港元低位，较发行价跌去30%。与此前41.4元高位相比跌超90%。\n2012年，阿里巴巴宣布以13.5港元/股耗资190亿港元进行私有化，暂时告别港交所。\n2015年，阿里巴巴在美股破发。\n2014年9月20日，阿里巴巴在美国纽约证券交易所挂牌上市，首日报收于93.89美元，较发行价上涨38.07%。\n2015年8 月 23 日，全球股市大跌，夜间开盘的美股也未能幸免，开盘半小时内三大指数跌幅均在 4% 上下。随大势继续下行的阿里巴巴股票开盘即报 58.16 美元，一举跌破了 IPO 发行价 68 美元。\n2015年的阿里巴巴也是身陷危机。2015年8月，阿里巴巴的季度报告令人失望，营收同比增长 28%、中国零售业务销售额增长 34%，这两大关键指标都低于先前分析师的平均预期，而且是三年来增速最慢的一季。\n2015年 6 月，阿里就曾向分析师们发出警告称，彩票在线销售被禁、将小微金融业务划归至蚂蚁金服集团，以及聚划算平台收费的降低，都将会对本季度的营收产生影响。根据集团 CFO 武卫在分析师电话会议上的说法，如果把这些影响都剔除，公司的营收本季度应同比增长 36% 左右。\n2015年那次破发后，阿里巴巴提出了一项 40 亿美元的股票回购计划，资金来自董事局主席马云及副主席蔡崇信。\n有意思的是，这一次阿里巴巴同样是业绩不及预期+股价持续下跌，阿里照样祭出“回购”这一招。\n2021年8月3日晚，阿里巴巴公布一份不及市场预期的季报后，授权公司将回购计划总额从100亿美元提升至150亿美元，有效期到2022年底。这项总额150亿美元（近1,000亿元人民币）的回购计划。这是阿里巴巴集团有史以来最大规模回购计划。\n2015年，阿里巴巴股价破发之际，CEO张勇亲自下场为公司打气。\n2015年8月25日，张勇在致员工的信中表示：“这不是第一次全球性的股灾；当然，也不会是最后一次；阿里巴巴的价值，体现在我们对理想的追求和为客户所创造的价值当中，这个价值不会随股价的变化而改变。请大家把眼光从股市回到客户身上……忘掉股价，心平气和；脚踏实地，继续前进！”\n彼时原因在于：当时的阿里巴巴在股权激励方面对员工非常慷慨，因此，股价涨跌对阿里员工个人财富的影响面及影响程度也较其它公司更大。张勇当时发表这封信，一方面是向员工及外界表达了对公司的信心，另一方面，可能是阿里员工的确“用于看盘的时间越来越多了，影响到工作”。\n此次阿里巴巴港股破发，暂时未看到阿里巴巴方面有表态。\n此外，2019年，阿里巴巴重回港股后，也破发过。\n2019年阿里巴巴重返香港股市，发行价176港元，11月26日，阿里巴巴上市首日报收187.60港元，上涨6.59%。总市值为4.01万亿港元，超过总市值3.2万亿港元的腾讯控股，成为香港股市市值第一的股票。\n2020年3月18日，阿里巴巴收报173港元，跌破176港元的发行价。\n不过那一次，阿里巴巴短期调整后重回升势。\n这一次，阿里巴巴股价最低下探到155港元，距离发行价已经相去较远，而且尚未见反弹迹象，算是破“扎实”，破“安逸”了。\n3、中概股还有未来吗？\n美股方面：\n“在美国上市的中国公司前景很难说，要看是否能够符合美国的会计标准，目前美国的监管可谓非常严格。这对于准备在美上市的中国企业来说，更需做好危机应对准备。”美国汇盛金融管理公司首席经济学家陈凯丰说。\n“过去由于受AH市场上市制度限制影响，部分未盈利、同股不同权企业只能选择赴美上市。在今年国内外监管政策持续收紧，以及AH市场制度改革为中概股回归创造条件的背景下，美股中概股回归中国资本市场是大势所趋。”广发证券首席策略分析师戴康说。\n在美股中概股日益艰难之际，回港上市成为不少企业的选择。\n德勤研究报告称，受惠于第二上市和不同股权架构新股上市，2021年上半年香港新股融资总额同比上涨138%，达到2097亿港元，融资额突破了2011年同期的历史高点，为多年以来最高纪录；2021年上半年，前四名新股融资额都超过200亿港元，受惠于多只大型新股，使得今年香港主板平均融资规模大幅提升182%到18.1亿港元。\n然而，登陆港股之后，这些中概股也并不舒服。\n对于未来港股市场的走势，恒生科技ETF基金经理冉凌浩认为，2020年港股表现明显不如美股及A股，但港股前期的滞胀正是为将来的补涨提供了充足的空间，未来也将会有多重动能驱动港股上涨。长期来看，港股市场走势完全由上市公司盈利水平决定；未来两年，港股上市公司盈利有望快速上行，有力支撑港股走势。\n也有公司盯上了A股，如理想汽车。\n8月12日，在美股上市后一年多后，理想汽车再度IPO，登陆港股市场，成为继小鹏汽车之后，第二家双重上市的造车新势力企业。发行价118港元\n新势力三巨头之一的理想汽车，上市首日便破发，随后连续下跌，价值8月20日，收报104.6港元。\n理想汽车总裁沈亚楠表示，理想可能要“回A”。\n“理想汽车美股、港股、A股都是我们整盘扩展资金渠道的规划，所以我们不排除回归A股的可能。”","news_type":1,"symbols_score_info":{"09988":0.9,"QNETCN":0.9,"BABA":0.9,"TTTN":0.9}},"isVote":1,"tweetType":1,"viewCount":2436,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5595494,"commentId":"5595494","gmtCreate":1629503670863,"gmtModify":1663232682828,"authorId":3558680293731120,"author":{"id":3558680293731120,"idStr":"3558680293731120","authorId":3558680293731120,"name":"Alicia 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