StellarDB, an enterprise-level AI infrastructure service provider, recently made its debut on the Hong Kong Stock Exchange, joining the ranks of A-share companies going public in Hong Kong through the 'A+H' listing model. Data reveals that as of September 22, 35 A-share companies have successfully completed their Hong Kong listings this year, raising over HK$240 billion. These listings constitute more than 30% of the total number of new listings and account for over 60% of the total funds raised, firmly establishing them as the driving force behind the Hong Kong stock IPO market. Despite recent volatility and adjustments in the overall Hong Kong stock market, major stock indices have shown a rebound over the past few trading days. Industry experts anticipate that, in the short term, the Hong Kong stock market may continue to exhibit volatility, with structural opportunities primarily concentrated in tech hardware and high-dividend assets. The AI infrastructure, semiconductor, and hardware equipment sectors remain resilient, though the market may gradually shift its focus toward the actual realization of returns on capital expenditures.