Hong Kong Price disconnect

Agricultural Bank of China

Market Cap: HK$2.5t

Provides banking products and services.

China Life Insurance

Market Cap: HK$1.1t

Operates as a life insurance company in the People’s Republic of China.

CNOOC

Market Cap: HK$918.5b

An investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in the People’s Republic of China, Canada, and internationally.

Meituan

Market Cap: HK$738.2b

Operates as a technology driven retail company in the People’s Republic of China, Hong Kong, Macao, Taiwan, and internationally.

China Telecom

Market Cap: HK$710.1b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

Zijin Mining Group

Market Cap: HK$597.9b

A mining company, engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally.

People's Insurance Company (Group) of China

Market Cap: HK$374.4b

An investment holding company, provides insurance products and services in the People’s Republic of China and Hong Kong.

PICC Property and Casualty

Market Cap: HK$371.5b

Engages in property and casualty insurance business in People’s Republic of China.

China Unicom (Hong Kong)

Market Cap: HK$303.2b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

CMOC Group

Market Cap: HK$225.5b

Engages in the mining, beneficiation, smelting, and refining of base and rare metals.

China Tower

Market Cap: HK$205.4b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Geely Automobile Holdings

Market Cap: HK$185.7b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Lenovo Group

Market Cap: HK$136.8b

An investment holding company, develops, manufactures, and markets technology products and services.

Aluminum Corporation of China

Market Cap: HK$134.9b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Shanghai Electric Group

Market Cap: HK$123.1b

Provides industrial-grade eco-friendly smart system solutions in Mainland China and internationally.

WH Group

Market Cap: HK$104.4b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

JD Logistics

Market Cap: HK$86.5b

An investment holding company, provides integrated supply chain solutions and logistics services in the People’s Republic of China.

Chongqing Rural Commercial Bank

Market Cap: HK$82.7b

Provides banking services in the People’s Republic of China.

BYD Electronic (International)

Market Cap: HK$82.1b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Zhaojin Mining Industry

Market Cap: HK$80.1b

An investment holding company, engages in exploration, mining, processing, smelting, and sale of gold and other metallic products in the People’s Republic of China and internationally.

Want Want China Holdings

Market Cap: HK$67.4b

An investment holding company, engages in the manufacture, distribution, and sale of food and beverages.

Cathay Pacific Airways

Market Cap: HK$67.1b

Offers international passenger and air cargo transportation services.

Tingyi (Cayman Islands) Holding

Market Cap: HK$64.0b

An investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People’s Republic of China.

Huadian Power International

Market Cap: HK$62.5b

Engages in the generation and sale of electricity, heat, and coal to power grid companies in the People’s Republic of China.

China Reinsurance (Group)

Market Cap: HK$60.3b

Operates as a reinsurance company in the People's Republic of China and internationally.

Datang International Power Generation

Market Cap: HK$58.7b

Engages in power generation business in the People’s Republic of China.

Zhuzhou CRRC Times Electric

Market Cap: HK$57.9b

Engages in the manufacture and sale of propulsion and control systems to rolling stock industry in Mainland China and internationally.

MMG

Market Cap: HK$50.3b

An investment holding company, engages in the exploration, development, and mining of mineral properties.

Kingsoft

Market Cap: HK$46.8b

Engages in the entertainment and office software and services businesses in Mainland China, Hong Kong, and internationally.

Guangdong Investment

Market Cap: HK$46.5b

An investment holding company, engages in water resources, property investment and development, department store operation, hotel ownership, energy project operation and management, and road and bridge operation businesses.

Liaoning Port

Market Cap: HK$36.7b

Provides port and logistics services in Mainland China.

China National Building Material

Market Cap: HK$35.9b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Sinopec Oilfield Service

Market Cap: HK$34.5b

Provides petroleum engineering and technology services.

Minth Group

Market Cap: HK$33.2b

An investment holding company, designs, develops, manufactures, processes, and sells automobile body parts and moulds of passenger cars.

CTF Services

Market Cap: HK$31.3b

A conglomerate company with a diversified portfolio of businesses in toll roads, insurance, logistics, construction, and facilities management primarily in Hong Kong and the Mainland.

Shandong Weigao Group Medical Polymer

Market Cap: HK$31.1b

Engages in the research and development, production, wholesale, and sale of medical devices in the People’s Republic of China and internationally.