Preparing for the "repatriation" of Chinese concept stocks? CITIC Securities plans to allocate investment bankers to increase personnel in Hong Kong

The "return tide" of Chinese concept stocks is bringing more incremental space to mainland investment banks.

According to exclusive information from Xinfeng, CITIC Securities' investment banking committee is planning to allocate mainland investment banking personnel to Hong Kong to be responsible for Hong Kong stock investment banking business.

According to sources close to CITIC Securities, this recruitment plan mainly targets personnel from CITIC Securities' mainland investment banking department and will be conducted in a competitive manner.

Additionally, insiders from CITIC Securities have confirmed that personnel in the investment banking department have indeed received this notification.

Industry insiders believe that CITIC Securities' decision to increase personnel in the Hong Kong investment banking department may be aimed at preparing for the "return" of Chinese concept stocks.

Due to geopolitical factors, the listing status of Chinese concept stocks in the U.S. may face uncertainties.

In response, the China Securities Regulatory Commission (CSRC) and relevant departments in Hong Kong have introduced a series of policies, hoping that Hong Kong can become an important listing destination for the "return" of Chinese concept stocks.

On May 7, CSRC Chairman Wu Qing stated at a press conference held by the State Council Information Office that they will strengthen bilateral and multilateral cross-border regulatory cooperation, actively shape a stable, transparent, and predictable regulatory environment, safeguard the legitimate interests of enterprises in overseas markets, and create conditions and support high-quality Chinese concept stocks to return to the mainland and Hong Kong markets.

Prior to this, the Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission also stated that they have been in contact with some relevant companies. If "Chinese concept stocks" that have not yet listed in Hong Kong wish to return, they will provide appropriate guidance and assistance for their Hong Kong listing.

According to incomplete statistics from Xinfeng, there are currently 19 Chinese concept stocks with a market value of no less than 10 billion yuan (RMB, the same below) that have not yet listed in Hong Kong, with a total market value exceeding 1.5 trillion yuan, among which only Pinduoduo is close to a trillion scale.

Whether CITIC Securities can seize the "cake" of the "return" of Chinese concept stocks is a matter of ongoing market attention