[Placing close to HK$200 billion during the year, Hong Kong stock refinancing "variations" highlight three major changes] August 28, Wind data showed that as of August 25, in addition to Alibaba, the total number of Hong Kong stock placement shares this year was HK$197.112 billion, a year-on-year increase of 2.93%, and the number was 289. Among them, the software services industry was the industry that raised the most funds from placements during the year. "This year's refinancing of Hong Kong stocks is mainly concentrated in the AI ​​track, and the fundraising purposes are all listed on GPU clusters, inference computing power, and base model training. Last year, most of the refinancings were hardware consumption leaders. This shows that the AI ​​competition is evolving from a competition of computing power to a comprehensive competition of capital expenditure, long-term cash flow, and supply chain." Wang Hongying, president of the China (Hong Kong) Financial Derivatives Investment Research Institute, told reporters. (Shanghai Securities News)