再引活水,医药A+H股溢价格局“反转”

21世纪经济报道
Jul 17, 2025

权威精选7月以来的港股医药板块,正经历一场久违的“估值反转”,持续发生变化。曾经长期折价的H股医药股,集体迎来折溢价的微妙变化。近期,A+H医药股溢价格局显著逆转,港股医药股折价幅度持续收窄,部分头部标的甚至悄然转为溢价,其中创新药龙头恒瑞医药H股表现尤为亮眼,其H股股价较A股溢价率一度突破20%,成为市场瞩目的风向标。这一变化不仅打破了H股“天生比A股便宜”的传统认知,更让市场开始重新审视A+H...

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