由于内地和香港经济发展存在差异,市场估值体系发生变化,A+H发行模式改变,内地市场股改等因素,导致近一阶段部分A+H股份的H股价格已经跃居A股之上,内地银行类H股更是出现全面溢价现象。这种现象是否持久?能否使以往根深蒂固的H股“折价”理念就此被打破?这是值得思考的问题。 Due to the differences in economic development between the Mainland and Hong Kong, changes in the market valuation system, changes in the A + H issuance model and the share reform in the mainland market led to the price of H shares of some A + H shares in the last stage leapt to A shares, H-shares of mainland banks is a full-scale premium phenomenon. Is this phenomenon persistent and could the concept of “discounting” the H shares that have been deeply rooted in the past be broken? This is a question worth considering.