6 Companies with H-Share Premium Over A-Shares: Low Free Float and Foreign Investors' Preference for Industry Leaders

Deep News12-02

Compared to Hong Kong stocks, A-shares typically enjoy lower trading costs and better market liquidity, leading investors to generally accept a premium for A-shares over H-shares.

The Hang Seng AH Premium Index (HSAHP) remains above 120, indicating an average 20% premium for A-shares relative to H-shares. However, six companies, including Contemporary Amperex Technology Co., Limited. (300750.SZ, 03750.HK), exhibit an unusual phenomenon where their H-shares trade at a higher price than their A-shares.

Industry experts suggest that in the Hong Kong market, which is dominated by foreign capital, many of these companies are newly listed in 2025 with relatively low H-share free float. Additionally, overseas investors show a stronger preference for leading players in niche sectors, and the lack of comparable alternatives in international markets has contributed to higher H-share prices or narrower AH-share price gaps for these stocks.

The information is for reference only and does not constitute investment advice. Investors should proceed at their own risk.

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