[Attach importance to issuance quality and transaction certainty, Hong Kong stock IPO focuses on the promotion of existing projects] On October 28, Wind data showed that since October, as of press time, 9 companies have passed the listing hearing of the Hong Kong Stock Exchange. The public listing applications being processed by the Hong Kong Stock Exchange involve 354 companies, 15 of which have passed the hearing and are waiting for listing, and 369 existing projects are in the process of being implemented. Since the first submission of forms by Ryudao Industrial and Jiuzhang Yunji on September 29, up to now, the main board and GEM of the Hong Kong Stock Exchange have not seen any regular companies planning to be listed for the first time for many consecutive days, breaking the high-frequency filing rhythm of the Hong Kong stock primary market this year. Many interviewees said that Hong Kong stock IPOs pay more attention to the digestion and issuance of existing projects. This is not a cooling of the market, but a technical rhythm adjustment. As of now, companies and intermediaries no longer blindly rush to speed up the filing process, but instead focus on polishing the quality of issuances. Market funds are concentrated on high-quality leaders, and new investment needs to pay more attention to corporate fundamentals and issuance pricing. (China Securities Journal)