The profit effect is obvious, and multiple sources of funds are rushing to invest in cornerstone investments.

Intelligence Portfolio surged more than 10 times, Shenyan Intelligent surged more than 6 times, and Megmeet Innovation H shares surged nearly 4 times... The performance of newly listed Hong Kong stocks this year has been impressive, attracting foreign institutional investors, insurance funds, bank wealth management subsidiaries, public funds, and industrial capital to compete in laying out cornerstone investments. According to data from Choice, as of July 8, 81.32% of the 91 Hong Kong IPO companies this year have introduced cornerstone investors, a further increase compared to previous years. A total of 502 cornerstone investors participated in Hong Kong IPOs, with most IPOs attracting 5 or more cornerstone investors. Dong Yaohui, the acting director of the Shenzhen Institute for Financial Stability Development, said that in the first half of the year, the proportion of long-term funds such as foreign capital and insurance capital among cornerstone investors actively participating in Hong Kong IPOs was particularly large. These types of funds have large amounts of capital and long durations on the liability side. Their active participation signifies the recognition of the long-term value of quality assets in Hong Kong stocks and provides an important safety cushion for the stock price performance after listing.