Quantitative Research

A-H Premium Weekly (May 29th): Zhuzhou Crrc Times Electric, ZTE, China Minsheng Banking

29 May 2026 By Ke Yan, CFA
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Abstract: We analyzed A-H premium changes across 184 dual-listed Chinese stocks as of May 29th. The average A-H premium was 76.8%, a 4.3ppt increase week-on-week, with 144 stocks widening and 40 narrowing. Real Estate led sector gains at +11.3ppt and Utilities added +8.8ppt, while Consumer Discretionary was flat at -0.0ppt. The top premium wideners by magnitude were Shandong Chenming Paper (+36.0ppt), Datang Power (+29.8ppt), and Beijing North Star (+25.0ppt), while Huaneng Power Intl (+12.2ppt, z=2.91) and Zhuzhou Crrc Times Electric (+13.6ppt, z=2.62) were the most statistically significant wideners. The largest narrowers were Joinn Lab (-14.1ppt), Zhejiang Shibao (-13.9ppt), and ZTE (-9.4ppt, z=-2.1), and China Minsheng Banking and Haier Smart Home both reached 52-week highs in A-H premium during the week.

HAIER SMART HOME (6690 HK) DATANG POWER (991 HK) Huaneng Power Intl (902 HK) ZTE (763 HK) CHINA MINSHENG BANKING (1988 HK) ZHUZHOU CRRC TIMES ELECTRIC (3898 HK)

Highlighted Stocks

HAIER SMART HOME, DATANG POWER, Huaneng Power Intl, ZTE, CHINA MINSHENG BANKING, ZHUZHOU CRRC TIMES ELECTRIC

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