JPMorgan Chase's long position in H-shares of CATL decreases to 6.32% on June 05 from 7.12% - HKEX

JPMorgan Chase & Co.'s long position in H-shares of Contemporary Amperex Technology Co. (CATL) decreased to 6.32% on June 5 from 7.12%, according to data from the Hong Kong Exchanges and Clearing Limited (HKEX) (decreased to 6.32% on June 5). This marks a reduction in the bank's stake in the Chinese battery manufacturer's Hong Kong-listed shares. The move comes amid ongoing market dynamics involving CATL's dual-listed A-shares and H-shares, with recent analysis highlighting the narrowing premium between the two classes of shares.

Earlier in the year, JPMorgan had advised investors to consider rotating from CATL's H-shares to its Shenzhen-listed A-shares, citing valuation concerns and the potential for H-share price normalization following expiry of a sales ban on key investors. The bank also noted the presence of significant short positions in CATL's H-shares, which could influence market volatility. As the H-shares continue to trade at a discount to their A-share counterparts, institutional investors are closely monitoring the evolving landscape for potential rebalancing opportunities.