In July of this year, the H-share listing celebrated its 30th anniversary. The listing of H-shares is the path for mainland enterprises to enter the international capital market, and it is also a reflection of Hong Kong's capital market serving the mainland. As a place where more than 1400 Chinese stocks are currently listed, Hong Kong has also continued to enhance its competitiveness as an international financial center due to the support of H-shares. Chairman of the Hong Kong Stock Exchange, Alan Smith (photographed on August 10th). The prosperity of H-shares is a model of mutual achievement and win-win creation between Hong Kong and mainland China, and also a best case of 'national needs and Hong Kong's strengths', "said Li Gang, a reporter from Xinhua News Agency." The chairman of the Hong Kong Stock Exchange, Shi Meilun, in a recent interview with Xinhua News Agency and other media. Boosting Mainland Chinese companies to enter the international capital market. On July 15, 1993, Qingdao Beer became the first Mainland Chinese company to issue H-shares for listing in Hong Kong, marking the beginning of a large-scale listing of Mainland Chinese companies in Hong Kong. In the late 1980s, with the development of the market economy, state-owned enterprises in mainland China began to grow, but lacked foreign exchange to introduce emerging technologies, manage talents, and carry out enterprise reforms. At the same time, the biggest challenge faced by the Hong Kong Stock Exchange is how to expand the source of listed companies. Thirty years ago, the H-share listing was the first step in connecting the Hong Kong financial market with the mainland and the world, laying the foundation for the continuous upgrading of the Hong Kong financial market and the interconnection between Hong Kong and the mainland, "said Smith. Zhou Wengang, a member of the Legislative Council of the Hong Kong Special Administrative Region and a member of the National Association for Hong Kong and Macao Studies, believes that the H-share listing allows mainland enterprises to obtain international capital investment through the Hong Kong capital market, thereby meeting their financing needs, increasing the market exposure of mainland enterprises, promoting the improvement of management level of mainland listed enterprises, and using Hong Kong's platform to "go global" and truly participate in international market competition. Nowadays, Chinese enterprises have become the main force in the Hong Kong stock market. According to statistics from the Hong Kong Stock Exchange, there were only 40 mainland companies listed in Hong Kong in 1993, with a market value of HKD 146 billion, accounting for less than 5%; Nowadays, there are over 1400 mainland enterprises listed in Hong Kong, with a market value of nearly HKD 28 trillion, accounting for as much as 77%. The brilliant achievements created by mainland enterprises listing in Hong Kong for 30 years are not only due to the unique advantages of Hong Kong's internationalization under the 'one country, two systems' policy, but also due to the huge business opportunities brought by China's economic takeoff. "said Yang Yuchuan, Chief Macroeconomist at Huada Securities and Visiting Professor at the Hong Kong School of Financial Management. Consolidating Hong Kong's position as an international financial center has profoundly changed the Hong Kong stock market since the birth of the first H-share. Over the past 30 years, mainland enterprises have raised HKD 8.3 trillion in Hong Kong through stock issuance, accounting for about 70% of the total financing on the Hong Kong stock market. Without state-owned enterprises coming to Hong Kong 30 years ago to raise funds, the Hong Kong capital market could not have had its current international status, "said Smith. Before the H-share listing, the Hong Kong financial market was relatively small and the listed companies were relatively single. Mainland enterprises have greatly enriched the structure of the Hong Kong market, enhanced its attractiveness to international institutions, and gradually upgraded Hong Kong from a regional stock market to a leading global financial center. The interconnection between the capital markets of mainland China and Hong Kong has brought huge investment opportunities to international investors