Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

An inquisitive investment analyst with background in both finance and computing. Covering ECM research, biotech, market data analytics.

Asia Pac ECM and Index Rebal

CATL (3750HK / 3000750 CH): Long-Term Compounder Proving Market Dominance

CATL (3750 HK): 42% YTD Rally - Option Traders Target HKD 800 as Positioning Turns Neutral

Pop Mart, Trip.com, Geely Auto, and More: Weekly Options Start Trading on 15 June

2025/2026 HK IPO: Cornerstone Investors That Matter

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Equity Capital Markets

Contemporary Amperex Technology / Equity Capital Markets

Contemporary Amperex Technology (3750 HK)

<ul>
<li>We studied 43 HK IPO cornerstone deals from the Jan to Nov 2025 listing cohort to measure price action around the IPO+6M lock-up expiry.</li>
<li>We note that selling pressure from cornerstone selling overhang is deal-size dependent.</li>
<li>Sponsor mix further refines the screen. Pure international-sponsored deals underperformed other cohorts.</li>
</ul>


We studied 43 HK IPO cornerstone deals from the Jan to Nov 2025 listing cohort to measure price action around the IPO+6M lock-up expiry.
We note that selling pressure from cornerstone selling overhang is deal-size dependent.
Sponsor mix further refines the screen. Pure international-sponsored deals underperformed other cohorts.


China VAST Industrial Urban Development (CVI HK)

Nickel Resources International Holdings (2889 HK)

Nanshan Aluminium International (2610 HK)

Jiangsu Hengrui Pharmaceuticals (1276 HK)

Foshan Haitian Flavouring and Food (3288 HK)

Anhui Conch Material Technology (2560 HK)

Jiaxin International Resources Investment (3858 HK)

Jiaxin International Resources Investment

Hainan Drinda New Energy Technology (2865 HK)

Beijing Xunzhong Communication Technology (2597 HK)

Beijing Xunzhong Communication Technology

HK IPO Essential Statistics: Quantifying Lock-Up Expiry Overhang