On May 21, the H-shares of Contemporary Amperex Technology Co. Limited (CATL) continued their upward trajectory on the second day of trading in Hong Kong, surging over 12% during the session and breaching the HK$343 per share mark, establishing a new high since its debut. Concurrently, CATL's A-share price approached RMB 280 per share, achieving a new yearly high. Similarly, BYD's H-shares exhibited robust performance, closing above HK$460 per share for the first time, prompting its A-share price to surpass previous highs. As frontrunners in the advanced manufacturing sector, both CATL and BYD have witnessed their share prices in the Hong Kong stock market outperform those in the A-share market, positioning them among the select few companies where A-share prices currently lag behind their Hong Kong counterparts. Industry experts emphasize that this shift underscores the evolving dynamics of China's core assets and signifies that the value of quality assets in Hong Kong stocks is gaining recognition from global investors, thereby prompting a reevaluation of related A-share companies.