Zhongji Innolight Added to Stock Connect, AH Shares Inverted

Zhongji Innolight's H-shares listed on July 30, raising approximately HK$53.4 billion, marking the largest IPO on the Hong Kong Stock Exchange in 2026 and a record fundraising over the past seven years. On August 27, it was added to the Stock Connect, allowing southbound funds to trade its H-shares. That day, H-shares rose 5.02% by midday to HK$1,066, a 4.22% premium over A-shares. Market participants believe the swift inclusion in Stock Connect could enhance liquidity and attention, but a "rise upon inclusion" is not guaranteed.