Rare! Multiple Chinese investment banks have resigned as coordinators for Hong Kong IPOs.

Recently, the new stock market in Hong Kong has once again caused a stir, with several Chinese investment banks announcing their withdrawal from the role of overall coordinator for companies planning to go public. On March 8, Sameite Information Group Co., Ltd. announced that CITIC CLSA Securities Limited and CITIC Jiantou Financing Limited have resigned as the company's overall coordinators. Similarly, on January 12 of this year, WeDoctor Holdings Limited also announced that CMB International Financing Limited is no longer the company's overall coordinator. Industry insiders point out that with the rapid increase in the number of Hong Kong IPOs in recent years, Chinese investment banks have become more cautious in screening and handling IPO projects, focusing more on those transactions with the "greatest development potential" with limited resources.