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JPM: Investors Recommended to Shift Positions to CATL A-shrs as Lock-up Period for H-shrs Nears End
2025-11-18 15:36:26
JPMorgan recommended buying shares in Shenzhen-listed CATL (300750.SZ) and selling its H-shares, as the lock-up period for some early major H-share investors is nearing its end.

JPMorgan believed that investors already holding CATL's H-shares may consider shifting their positions to A-shares. Meanwhile, with the lock-up period nearing its end, short selling demand for CATL's H-shares surged, with open short positions amounting to approx. US$1.5 billion. Of which, the majority of these positions relate to A/H arbitrage trading.

CATL's H-shares opened 1.14% lower today (18th) before its loss extended, and once bottomed at $501. It last printed at $503, down 4.37%, with 2.4917 million shares traded, involving $1.271 billion.
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