Taking a differentiated "going overseas" approach, asset management institutions are scrambling to invest as cornerstone investors in Hong Kong stocks.

Since the beginning of this year, GF Fund Management, GF International Asset Management, Bosera Asset Management, Freshwater Investment, Da Cheng Fund, and Da Cheng International Asset Management, among other Chinese asset management firms, have fully engaged in the international allocations of Hong Kong stock IPOs, competing alongside global capital as cornerstone investors. They are participating in the development of quality enterprises in the new economy and hard technology, thereby enhancing the global competitiveness of the asset management industry. According to statistics, as of July 31: GF Fund Management and GF International Asset Management participated in the international allocations of 25 Hong Kong stock IPO companies this year, with a total subscription amount reaching HKD 2.328 billion; Hillhouse Capitals private equity institution HHLR Advisors participated in the international allocations of 18 Hong Kong stock IPO companies, with a total subscription amount reaching HKD 6.496 billion; Bosera Asset Management participated in the international allocations of 5 Hong Kong stock IPO companies, with a total subscription amount of nearly HKD 800 million. The list of cornerstone investors in this year's Hong Kong stock IPOs also includes Franklin Templeton and Franklin Templeton Investments as well as Da Cheng Fund and Da Cheng International, with subscription amounts exceeding HKD 300 million each.