This week, three new companies have obtained Hong Kong IPO filings, including A-share companies Beijing Junzheng and Sifang Jingchuang.

Mars Finance News, July 5: According to information disclosed on the CSRC website, this week (June 29 to July 5) saw 3 new companies file for a “full circulation” record for overseas issuance and listing or unlisted domestic shares, and all of them will be listed on the Hong Kong Stock Exchange. Among them, storage-chip leader Beijing Junzheng and fintech service provider SiFang Jingchuang have both already been listed on the A-share market; their latest market capitalizations are RMB 125.5 billion and RMB 11.0 billion, respectively. For their trip to Hong Kong, they plan to issue no more than 61.658 million shares and 67.8052 million shares, respectively.

FiS Technology is a supplier of electric drive solutions. In 2025, its revenue increased to RMB 1.625 billion, and the share of its new energy vehicle solutions business has risen to 50.7%, but it has not yet achieved profitability. The company first attempted to approach the STAR Market in 2021, but it was rejected in November of the same year due to a failed review. On October 31, 2025, it submitted its initial application to the Hong Kong Stock Exchange for the first time, but it later became automatically invalid due to the expiration of the validity period. This second trip to Hong Kong plans to issue no more than 32.2908 million shares, and to convert a total of 116 million unlisted domestic shares held by shareholders into H-shares. (Reported by Ke Gu Bao)