Quantitative Research

A-H Premium Weekly (Jul 17th): Hua Hong Semi, Innocare, Yofc, China Life, Zijin Mining

17 Jul 2026 By Ke Yan, CFA
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Abstract: We analyzed A-H premium changes across 195 dual-listed stocks for the week ending July 17th. The average A-H premium stood at 83.0%, declining 1.9 percentage points week-on-week, with 105 stocks seeing premiums narrow versus 90 widening. Real Estate led sector declines at -9.8ppt, while Financials was the sole sector with a premium increase at +0.6ppt. Among individual stocks, the largest premium expansions were in Drinda (+38.7ppt), Fibocom (+34.6ppt), Holly Futures (+31.4ppt), Cig (+28.2ppt), and Hua Hong Semi (+27.0ppt), while the sharpest contractions were in Lens (-40.9ppt, z-score -4.3), Datang Power (-39.6ppt), Shandong Molong (-39.0ppt), Sicc (-38.1ppt), and Innocare (-24.2ppt). On a z-score basis, China Life (+18.3ppt, z=2.9) and Zijin Mining (+4.8ppt, z=1.9) recorded statistically notable premium increases, while Lens and Innocare showed the most extreme premium compressions relative to historical norms. Yofc reached a 52-week high premium of 219.9% after expanding 20.3ppt on the week.

CHINA LIFE (2628 HK) ZIJIN MINING (2899 HK) INNOCARE (9969 HK) HUA HONG SEMI (1347 HK) YOFC (6869 HK)

Highlighted Stocks

CHINA LIFE, ZIJIN MINING, INNOCARE, HUA HONG SEMI, YOFC

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