Abstract: We analyzed A-H premium changes across 195 dual-listed stocks as of July 24th, with the average A-H premium at 79.4%, declining 3.6ppt week-on-week and 5.7ppt over the past four weeks. The broad premium compression was led by Consumer Staples (down 7.8ppt), Utilities (down 5.2ppt), and Materials (down 4.8ppt), while Communication Services (up 1.7ppt) and Energy (up 1.6ppt) were the only sectors to widen. China Longyuan (001289 CH/916 HK) posted the steepest compression among highlighted names, falling 29.1ppt to 224.4%, while ZTE (000063 CH/763 HK) declined 14.8ppt (z-score: -2.9) to 64.5%, and Nci (601336 CH/1336 HK) narrowed 12.0ppt (z-score: -2.5) to 50.6%. On the widening side, CNOOC (600938 CH/883 HK) expanded 9.2ppt (z-score: 2.0) to 56.3%, and Fuyao Glass (600660 CH/3606 HK) widened 4.4ppt (z-score: 1.8) to 18.7%, reaching a 52-week high.
CNOOC, ZTE, NCI, FUYAO GLASS, CHINA LONGYUAN
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