Hongfa Foreign Investor Stake Hits 26.78% Threshold; Stock Connect Suspends Buying From May 7, 2026

HKEX data show that Shanghai Stock Connect has suspended purchases of Hongfa Co. , Ltd. shares effective May 7, 2026, after foreign investors' aggregate shareholding in the company reached 26.78 percent, breaching the regulatory alert threshold. The aforementioned shareholding statistics cover QFII/RQFII, Shenzhen Stock Connect, global depositary receipt cross-border conversion institutions and GDR depositories. The Shanghai-market foreign investor statistical scope includes QFII/RQFII, Shanghai Stock Connect, overseas cross-border conversion institutions and GDR depositories.