Hongfa Technology Sole Stock With Foreign Ownership Above 24% as Shanghai Connect Halts Buys

Foreign investors covered by the 24% threshold include QFII, RQFII, Shenzhen Stock Connect, global depositary receipt cross-border conversion institutions and depositories. For Shanghai-listed stocks, the scope also extends to Shanghai Connect and overseas cross-border conversion institutions.

Hong Kong Exchanges and Clearing data show that Shanghai Connect had suspended purchases of Hongfa Technology (600885) as of August 7, with the suspension effective May 7, 2026.