https://www.scmp.com/rss/75940/feed Updated corporate news on investor relations, earning reports, announcements and IPOs news, IPO offerings, eIPOs, listings and allotments en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Julie Zhang,Daniel Ren Julie Zhang,Daniel Ren Biotech firm Hangzhou Diagens Biotechnology is banking on artificial intelligence-powered chromosome testing to drive profit growth following its Hong Kong listing, as China’s falling fertility rate spurs demand for assisted reproduction. “In China, many young people do not want to marry or have children, and by the time they decide to start a family, they need medical help to do so,” said Diagens’ founder and executive director Song Ning. “We are meeting an increasing number of couples every... https://www.scmp.com/business/banking-finance/article/3348335/chinese-company-use-ai-powered-chromosome-testing-boost-profits-and-fast-track-ivf?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348335/chinese-company-use-ai-powered-chromosome-testing-boost-profits-and-fast-track-ivf?utm_source=rss_feed Mon, 30 Mar 2026 02:45:34 +0000 Julie Zhang Julie Zhang Beijing Tong Ren Tang Healthcare Investment, a provider of healthcare services based on traditional Chinese medicine, postponed its Hong Kong initial public offering (IPO) on Friday amid tepid investor demand for its shares. The delay is the first of its kind during the current IPO boom. New share offerings in the city raised about US$11.64 billion as of March 18 this year, up 385 per cent from about US$2.4 billion a year earlier, according to LSEG Data & Analytics. Tong Ren Tang was one of six... https://www.scmp.com/business/banking-finance/article/3348101/tong-ren-tang-healthcare-unit-pulls-hong-kong-ipo-scheduled-monday?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348101/tong-ren-tang-healthcare-unit-pulls-hong-kong-ipo-scheduled-monday?utm_source=rss_feed Fri, 27 Mar 2026 06:30:18 +0000 Julie Zhang Julie Zhang More than 10 loss-making biotechnology companies have filed for Hong Kong stock exchange listings this year, bringing cutting-edge drugs and artificial intelligence-powered drug discovery platforms to market, as the city’s bourse presses ahead with reforms aimed at supporting the real economy. The latest applications came as healthcare and biotechnology equity capital market activity – stock sales by companies and their shareholders – in Hong Kong reached US$15.6 billion last year, the second... https://www.scmp.com/business/banking-finance/article/3346710/hong-kong-attracts-wave-biotech-ipo-filings-amid-ai-drug-boom?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346710/hong-kong-attracts-wave-biotech-ipo-filings-amid-ai-drug-boom?utm_source=rss_feed Mon, 16 Mar 2026 05:07:12 +0000 Julie Zhang Julie Zhang Mainland Chinese investors can now buy shares in more than a dozen newly added Hong Kong-listed biotech and pharmaceutical companies after a reshuffle of the Stock Connect southbound trading list took effect on Monday, reflecting the sector’s growing role on the international stage. Foreign capital, however, remained cautious, analysts said. “Mainland buyers have been the main force behind the latest healthcare rally. They tend to chase smaller-cap names where a tight free float makes it easier... https://www.scmp.com/business/china-business/article/3346016/china-investors-energise-hong-kong-biotech-stocks-foreign-money-missing-out?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346016/china-investors-energise-hong-kong-biotech-stocks-foreign-money-missing-out?utm_source=rss_feed Mon, 09 Mar 2026 23:30:07 +0000 Aileen Chuang Aileen Chuang Semiconductor display manufacturer Everdisplay Optronics (Shanghai) and robotics firm Zhejiang Galaxis Technology Group have received approval to list in Hong Kong, marking steady progress in the city’s nearly 500-strong listings pipeline. The two mainland Chinese companies published their post-hearing information packs on the Hong Kong stock exchange on Sunday, as the initial public offering (IPO) market in the city gathers pace once again after the Chinese New Year holiday. Neither firm... https://www.scmp.com/business/banking-finance/article/3345921/hong-kongs-ipo-pace-picks-2-mainland-chinese-firms-get-listing-approval?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345921/hong-kongs-ipo-pace-picks-2-mainland-chinese-firms-get-listing-approval?utm_source=rss_feed Mon, 09 Mar 2026 03:48:17 +0000 Julie Zhang Julie Zhang Beijing should create a “connect” scheme for initial public offerings (IPOs) in the Greater Bay Area to allow mainland Chinese and Hong Kong investors to buy into new listings across the border, HSBC Asia-Pacific chairman Peter Wong Tung-shun said on the eve of China’s annual “two sessions” meetings. “If investors in both Shenzhen and Hong Kong are further allowed to participate simultaneously in IPOs in both markets – achieving a more comprehensive IPO connect mechanism for the Greater Bay Area... https://www.scmp.com/business/banking-finance/article/3345285/hsbc-chairman-floats-ipo-connect-hong-kong-shenzhen-ahead-chinas-two-sessions?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345285/hsbc-chairman-floats-ipo-connect-hong-kong-shenzhen-ahead-chinas-two-sessions?utm_source=rss_feed Tue, 03 Mar 2026 10:30:09 +0000 Julie Zhang Julie Zhang Unisplendour Corporation, a subsidiary of state-backed Tsinghua Holdings, has scrapped its Hong Kong listing plan that had been in the works for nearly a year. The Shenzhen-listed company said in an exchange filing on Wednesday that its board had voted to terminate the proposed share issuance on the Hong Kong stock exchange. The termination would not have any “significant impact” on its business operations, the statement added. Simultaneously, Unisplendour announced plans to raise up to 5.57... https://www.scmp.com/business/banking-finance/article/3343228/shenzhen-listed-unisplendour-abandons-year-long-effort-raise-funds-hong-kong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343228/shenzhen-listed-unisplendour-abandons-year-long-effort-raise-funds-hong-kong?utm_source=rss_feed Thu, 12 Feb 2026 00:00:37 +0000 Julie Zhang Julie Zhang Chinese healthcare companies are looking to expand overseas to serve Chinese communities in regions such as the Middle East and Southeast Asia, where many mainland companies are setting up operations across sectors. “A wide range of Chinese companies are expanding overseas,” setting up local operations and bringing Chinese employees with them, said Philip Wang, CEO of Distinct Healthcare Holdings, in an interview on Monday. “Chinese expatriate workers are often not familiar with the local... https://www.scmp.com/business/china-business/article/3343106/chinese-healthcare-firms-expand-overseas-support-growing-expat-community?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343106/chinese-healthcare-firms-expand-overseas-support-growing-expat-community?utm_source=rss_feed Wed, 11 Feb 2026 01:00:34 +0000 Themis Qi Themis Qi Chinese artificial intelligence system-on-chip (SoC) supplier Axera Semiconductor traded flat on its debut in Hong Kong on Tuesday, as market sentiment turned to favour profitable industry leaders. Shares of the Zhejiang province-based firm closed at HK$28.20, the same as the offer price, after briefly rising above HK$29 in morning trade. It ended the day with a market capitalisation of over HK$16.5 billion. The company issued 100 million shares, raising HK$2.96 billion (US$378.7 million). Axera... https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3342998/mainland-ai-chip-supplier-axera-trades-flat-hong-kong-debut-investor-frenzy-cools?utm_source=rss_feed https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3342998/mainland-ai-chip-supplier-axera-trades-flat-hong-kong-debut-investor-frenzy-cools?utm_source=rss_feed Tue, 10 Feb 2026 03:40:35 +0000 Aileen Chuang Aileen Chuang Shares of China’s biggest pig breeder Muyuan Foods opened flat in their Hong Kong debut on Friday, reflecting a cooling in the city’s red-hot initial public offering (IPO) market as retail investors turn more cautious. The world’s largest hog firm’s shares first changed hands at the offer price of HK$39 and gained 3.9 per cent to HK$40.52 at the close, as the firm’s long-term growth prospects gained footing. Muyuan raised HK$10.7 billion (US$1.4 billion) after pricing the shares at the top of... https://www.scmp.com/business/banking-finance/article/3342579/chinas-biggest-pork-producer-muyuan-has-subdued-hong-kong-share-debut?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3342579/chinas-biggest-pork-producer-muyuan-has-subdued-hong-kong-share-debut?utm_source=rss_feed Fri, 06 Feb 2026 01:42:24 +0000 Aileen Chuang Aileen Chuang Hong Kong’s new share market continues to sizzle, with three companies seeking to raise a combined US$2 billion on Thursday, led by Chinese pig-breeding giant Muyuan Foods, which launched the city’s largest flotation of the year. The world’s largest hog firm planned to raise HK$10.7 billion (US$1.4 billion) by selling about 274 million new shares at up to HK$39 each, according to its prospectus, hot on the heels of another billion-dollar deal from Chinese drinks giant Eastroc Beverage. At the... https://www.scmp.com/business/banking-finance/article/3341623/3-mainland-chinese-firms-add-hong-kongs-ipo-boom-us2-billion-fundraising?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3341623/3-mainland-chinese-firms-add-hong-kongs-ipo-boom-us2-billion-fundraising?utm_source=rss_feed Thu, 29 Jan 2026 04:00:54 +0000 Aileen Chuang Aileen Chuang Chinese energy-drinks maker Eastroc Beverage has kicked off a Hong Kong initial public offering (IPO) to raise up to HK$10.1 billion (US$1.3 billion), making it the city’s largest listing this year that has already seen a dozen companies raise more than US$4.5 billion. The Shanghai-listed firm was offering 40.9 million shares at a maximum price of HK$248 each, according to its prospectus filed to the Hong Kong stock exchange on Monday. At this price, the firm would be valued at around US$21... https://www.scmp.com/business/banking-finance/article/3341216/chinese-drinks-maker-eastrocs-us13-billion-hong-kong-ipo-gives-it-wings-soar?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3341216/chinese-drinks-maker-eastrocs-us13-billion-hong-kong-ipo-gives-it-wings-soar?utm_source=rss_feed Mon, 26 Jan 2026 05:47:52 +0000 Themis Qi Themis Qi China is moving forward with the initial public offering (IPO) plans of four private rocket makers this month, as Beijing pushes to build up its commercial space industry amid intensifying competition with Elon Musk’s SpaceX. The Shanghai Stock Exchange has issued questions on LandSpace Technology’s IPO application, according to an update late on Thursday, advancing the company’s plan to raise 7.5 billion yuan (US$1 billion) on the tech-focused Star market. IPO preparations also advanced at... https://www.scmp.com/news/china-future-tech/aerospace/article/3340964/chinas-rocket-start-ups-push-envelope-ipos-gather-pace?utm_source=rss_feed https://www.scmp.com/news/china-future-tech/aerospace/article/3340964/chinas-rocket-start-ups-push-envelope-ipos-gather-pace?utm_source=rss_feed Fri, 23 Jan 2026 07:30:14 +0000 Aileen Chuang Aileen Chuang Busy Ming Group, China’s largest snack and drink retailer, is seeking to raise up to HK$3.34 billion (US$428 million) in a Hong Kong initial public offering (IPO), testing investors’ appetite for consumer-oriented stocks. The firm, which focuses on a value model, planned to sell 14.1 million shares at HK$229.60 to HK$236.60, according to its prospectus filed with the Hong Kong stock exchange on Tuesday. The stock is expected to begin trading on January 28. Busy Ming owns two brands – Busy for... https://www.scmp.com/business/banking-finance/article/3340497/chinas-busy-ming-test-investor-appetite-consumer-plays-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3340497/chinas-busy-ming-test-investor-appetite-consumer-plays-hong-kong-ipo?utm_source=rss_feed Tue, 20 Jan 2026 03:55:03 +0000 Aileen Chuang Aileen Chuang Shares of Chinese artificial intelligence start-up MiniMax Group surged on their Hong Kong debut on Friday, reflecting investor confidence after securing substantial support from global institutional backers. The company’s shares first changed hands at HK$235.40, up 42.7 per cent from the initial public offering (IPO) price of HK$165. The stock surged as much as 113.2 per cent to HK$351.80 before ending the day 109.1 per cent higher at HK$345, valuing it at HK$106.7 billion (US$13.7... https://www.scmp.com/business/banking-finance/article/3339251/chinese-ai-start-minimax-shines-hong-kong-ipo-debut?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3339251/chinese-ai-start-minimax-shines-hong-kong-ipo-debut?utm_source=rss_feed Fri, 09 Jan 2026 01:59:41 +0000 Julie Zhang Julie Zhang Traditional Chinese medicine (TCM) manufacturers are gearing up to go public in Hong Kong, aiming to tap the market for international expansion. TCM firms have joined the queue for initial public offerings (IPOs) in the city to test foreign investors’ appetite for their shares. The latest to join the queue are Sichuan Neautus Traditional Chinese Medicine and Hong Kong-based Herb Standard. “Hong Kong will serve as our hub for capital, research and development, as well as international... https://www.scmp.com/business/banking-finance/article/3339194/mainland-chinese-medicine-firms-tap-hong-kong-capital-fuel-global-expansion?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3339194/mainland-chinese-medicine-firms-tap-hong-kong-capital-fuel-global-expansion?utm_source=rss_feed Thu, 08 Jan 2026 10:40:08 +0000 Aileen Chuang Aileen Chuang Chinese start-up Zhipu AI headlined a trio of technology new listings in Hong Kong on Thursday, in a key test of investor confidence in China’s AI industry as it goes head to head with US giants. Shares of the Beijing-based company rose 3.3 per cent to HK$120 at the open from the initial public offering (IPO) price of HK$116.20. The stock later rose as much as 16.2 per cent before ending the day 13.2 per cent higher at HK$131.50, valuing the company at HK$57.89 billion (US$7.43 billion). Zhipu... https://www.scmp.com/business/banking-finance/article/3339109/three-chinese-tech-stocks-gain-hong-kong-debuts-investors-jump-ai-robotics?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3339109/three-chinese-tech-stocks-gain-hong-kong-debuts-investors-jump-ai-robotics?utm_source=rss_feed Thu, 08 Jan 2026 01:43:13 +0000 Aileen Chuang Aileen Chuang MiniMax is set to raise at least HK$4.2 billion (US$537.7 million) by pricing its Hong Kong initial public offering (IPO) at the top of its marketed range, underscoring strong demand for China’s artificial intelligence sector amid an intensifying race with the US. The Shanghai-based firm, backed by Alibaba Group Holding and Tencent Holdings, planned to price its 25.4 million shares on offer at HK$165 each, according to people familiar with the matter. The company would stop taking orders from... https://www.scmp.com/business/banking-finance/article/3338766/minimaxs-hong-kong-ipo-set-hit-us538-million-amid-chinese-ai-sector-frenzy?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3338766/minimaxs-hong-kong-ipo-set-hit-us538-million-amid-chinese-ai-sector-frenzy?utm_source=rss_feed Mon, 05 Jan 2026 08:39:32 +0000 Julie Zhang Julie Zhang Hong Kong’s biotech fundraising momentum is expected to extend into 2026, as licensing deals and strong post-initial public offering (IPO) trading last year persuaded investors that China’s drug developers are worth backing again – even before they generate revenue. “Chinese innovation drugs expanding into overseas markets have become the industry mainstream, indicating the domestic innovation sector has entered its harvest phase,” said Felix Huang, head of equity at Oakwise Capital. “New trends... https://www.scmp.com/business/banking-finance/article/3338714/biology-winter-thaws-why-investors-are-piling-hong-kongs-biotech-ipos?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3338714/biology-winter-thaws-why-investors-are-piling-hong-kongs-biotech-ipos?utm_source=rss_feed Mon, 05 Jan 2026 03:00:22 +0000 Themis Qi Themis Qi Baidu’s artificial intelligence chip subsidiary Kunlunxin (Beijing) Technology has confidentially applied for an initial public offering (IPO) in Hong Kong, as the search and AI giant becomes the latest to join an investment frenzy amid China’s drive for tech self-reliance. The Kunlunxin prospectus was submitted on Thursday but details such as the size and structure of the IPO had not yet been finalised, Baidu said in a statement on Friday. Baidu’s Hong Kong-listed shares rose 9.4 per cent to... https://www.scmp.com/news/china-future-tech/semiconductors/article/3338471/baidu-chip-unit-kunlunxin-files-hong-kong-ipo-amid-chinas-push-tech-self-reliance?utm_source=rss_feed https://www.scmp.com/news/china-future-tech/semiconductors/article/3338471/baidu-chip-unit-kunlunxin-files-hong-kong-ipo-amid-chinas-push-tech-self-reliance?utm_source=rss_feed Fri, 02 Jan 2026 04:50:19 +0000 Aileen Chuang Aileen Chuang Shares of Shanghai Biren Technology jumped 82.1 per cent upon their debut on Friday in Hong Kong’s first listing of the year, as investors piled into the Chinese graphics processing unit (GPU) maker amid the artificial intelligence wave. The first of China’s up-and-coming GPU developers to list in Hong Kong, the company’s shares first changed hands at HK$35.70, up from the initial public offering (IPO) price of HK$19.60. The stock later more than doubled to HK$42.88 before ending the day 75.8... https://www.scmp.com/business/banking-finance/article/3338447/biren-shares-soar-hong-kong-investors-seize-chinas-first-gpu-start-list?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3338447/biren-shares-soar-hong-kong-investors-seize-chinas-first-gpu-start-list?utm_source=rss_feed Fri, 02 Jan 2026 01:40:22 +0000 Themis Qi Themis Qi CXMT Corporation, parent of Chinese memory chip giant ChangXin Memory Technologies (CXMT), aims to raise 29.5 billion yuan (US$4.2 billion) from an initial public offering in Shanghai to fund technology upgrades, as Beijing presses ahead with its drive for tech self-reliance amid geopolitical tensions. The Shanghai Stock Exchange received CXMT’s application for a listing on the Nasdaq-style Star Market, a filing on the bourse’s website showed on Tuesday night. This marks a critical step towards... https://www.scmp.com/news/china-future-tech/semiconductors/article/3338246/chinas-dram-giant-cxmt-plans-us42-billion-ipo-shanghais-star-market?utm_source=rss_feed https://www.scmp.com/news/china-future-tech/semiconductors/article/3338246/chinas-dram-giant-cxmt-plans-us42-billion-ipo-shanghais-star-market?utm_source=rss_feed Wed, 31 Dec 2025 04:30:17 +0000 Yulu Ao Yulu Ao Chinese generative artificial intelligence start-up MiniMax Group has kicked off its Hong Kong initial public offering (IPO), seeking to raise up to HK$4.19 billion (US$538 million) to support its growth as competition intensifies in China’s fast-moving AI sector. The Shanghai-based company would offer 25.39 million shares globally, with about 5 per cent allocated to Hong Kong retail investors and the rest to international investors, according to a stock exchange filing on Wednesday. Shares were... https://www.scmp.com/business/china-business/article/3338239/china-ai-start-minimax-kicks-us538-million-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338239/china-ai-start-minimax-kicks-us538-million-hong-kong-ipo?utm_source=rss_feed Wed, 31 Dec 2025 03:20:16 +0000 Themis Qi Themis Qi Chinese artificial intelligence firm Zhipu AI kicked off a share sale on Tuesday to raise HK$4.35 billion (US$560 million), moving closer to becoming the first large language model (LLM) developer listed in Hong Kong amid a surge of technology initial public offerings (IPOs). The start-up, officially known as Knowledge Atlas Technology and marketed overseas as Z.ai, set its offer price at HK$116.20 for more than 37 million shares, with 10 per cent allocated to retail investors. The company plans... https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3338107/chinas-zhipu-ai-launches-us560-million-share-sale-hong-kongs-ipo-tech-race-heats?utm_source=rss_feed https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3338107/chinas-zhipu-ai-launches-us560-million-share-sale-hong-kongs-ipo-tech-race-heats?utm_source=rss_feed Tue, 30 Dec 2025 05:00:11 +0000 Julie Zhang Julie Zhang Biotech firm Insilico Medicine, backed by the Hong Kong Investment Corporation (HKIC), is building a “digital Einstein” to revolutionise how scientists discover new medicines, and plans to continue expanding its research base in China to stay ahead of global rivals after its Hong Kong listing on Tuesday. “Biotechnology is a high-risk field like a ‘molecular casino’,” said founder Alex Zhavoronkov. “Even with artificial intelligence, you can lose 90 per cent of the time.” The 11-year-old company... https://www.scmp.com/business/china-business/article/3337942/china-vital-insilicos-plan-build-biotechs-ai-einstein-drug-discovery?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337942/china-vital-insilicos-plan-build-biotechs-ai-einstein-drug-discovery?utm_source=rss_feed Tue, 30 Dec 2025 02:13:46 +0000 Aileen Chuang Aileen Chuang Six companies debuted on the Hong Kong stock exchange on Tuesday, capping a year that reaffirmed the city’s dominance as the world’s top initial public offering (IPO) market and one of the best-performing benchmarks. The six debutants raised a combined HK$6.99 billion (US$899 million), adding to several sizeable deals this year. As of Tuesday, the Hong Kong IPO market raised HK$285.8 billion from 119 listings, with first-day trading showing an average share price gain of nearly 40 per cent,... https://www.scmp.com/business/banking-finance/article/3338086/insilico-medicine-leads-sextet-hong-kong-ipos-capping-banner-year-fundraising?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3338086/insilico-medicine-leads-sextet-hong-kong-ipos-capping-banner-year-fundraising?utm_source=rss_feed Tue, 30 Dec 2025 01:40:43 +0000 Themis Qi Themis Qi China’s private rocket makers are stepping up their dash for public funding, with Beijing-based LandSpace becoming the first commercial launch provider to clear a key regulatory “tutoring” milestone ahead of a planned listing on Shanghai’s Nasdaq-style Star Market. LandSpace completed its initial public offering (IPO) tutoring process on December 23, according to information published on the website of the China Securities Regulatory Commission (CSRC) – a step that typically precedes the... https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3337821/launch-window-opens-chinas-private-space-companies-landspace-advances-ipo?utm_source=rss_feed https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3337821/launch-window-opens-chinas-private-space-companies-landspace-advances-ipo?utm_source=rss_feed Fri, 26 Dec 2025 09:28:22 +0000 Themis Qi Themis Qi Deep Robotics, a Hangzhou-based maker of quadruped and humanoid robots, has taken the first formal step towards a mainland stock market listing, becoming the latest Chinese start-up to join a year-end rush into capital markets. The company had entered its initial public offering (IPO) “guidance” phase, according to information published by the China Securities Regulatory Commission on Wednesday, December 24. The preparatory work was scheduled to be completed by June next year. The move made Deep... https://www.scmp.com/business/china-business/article/3337615/chinas-deep-robotics-joins-ipo-rush-embodied-intelligence-sector-heats?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337615/chinas-deep-robotics-joins-ipo-rush-embodied-intelligence-sector-heats?utm_source=rss_feed Wed, 24 Dec 2025 08:09:08 +0000 Aileen Chuang Aileen Chuang Hong Kong Exchanges and Clearing (HKEX) has amended its post-listing public float rules to give companies greater flexibility in managing capital while strengthening market transparency. The bourse operator will allow listed companies to meet an alternative ongoing public float threshold, requiring at least 10 per cent of issued shares in the listed class and a market value above HK$1 billion (US$128.5 million). For mainland China-listed firms, or A shares, their Hong Kong shares must represent... https://www.scmp.com/business/markets/article/3336813/hong-kong-exchange-amends-float-rules-strengthen-citys-status-global-finance-hub?utm_source=rss_feed https://www.scmp.com/business/markets/article/3336813/hong-kong-exchange-amends-float-rules-strengthen-citys-status-global-finance-hub?utm_source=rss_feed Wed, 17 Dec 2025 13:15:31 +0000 Aileen Chuang Aileen Chuang Shares of HashKey Holdings, operator of Hong Kong’s largest licensed cryptocurrency exchange, were flat on their trading debut, as investors shunned risk amid a downturn in the digital asset market. Trading under the stock code 3887, HashKey shares first changed hands on Wednesday at HK$6.70, or 0.3 per cent above the offer price of HK$6.68 a share. The stock fluctuated between gains of up to 6.6 per cent and losses of as much as 8.4 per cent before closing 0.2 per cent lower at HK$6.67. The... https://www.scmp.com/business/banking-finance/article/3336692/hashkeys-lukewarm-debut-tests-hong-kongs-ambitions-digital-asset-hub?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3336692/hashkeys-lukewarm-debut-tests-hong-kongs-ambitions-digital-asset-hub?utm_source=rss_feed Wed, 17 Dec 2025 01:41:22 +0000 Aileen Chuang Aileen Chuang Chinese artificial intelligence start-up MiniMax plans to channel funds from its proposed Hong Kong initial public offering (IPO) into research and development as it seeks to compete with global and domestic rivals, according to a person familiar with the matter. With 70 per cent of its revenue generated overseas, MiniMax was targeting Hong Kong’s international investor base and capital market, the person said. The Shanghai-based firm, backed by Alibaba Group Holding and Tencent Holdings, was... https://www.scmp.com/business/banking-finance/article/3336146/chinas-generative-ai-tiger-minimax-pursues-hong-kong-ipo-expand-global-reach?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3336146/chinas-generative-ai-tiger-minimax-pursues-hong-kong-ipo-expand-global-reach?utm_source=rss_feed Fri, 12 Dec 2025 03:06:44 +0000 Themis Qi,Aileen Chuang Themis Qi,Aileen Chuang Hong Kong’s initial public offering (IPO) market is expected to raise up to HK$350 billion (US$45 billion) next year, extending the momentum built this year on the back of mainland Chinese public firms and the technology sector. KPMG forecast on Wednesday that between 180 and 200 applications would drive the fundraising, representing a 28.7 per cent jump in total value and as much as a 100 per cent leap in deal numbers compared with this year. “We also expect 2026 to be a pivotal year for... https://www.scmp.com/business/banking-finance/article/3335887/hong-kongs-ipo-juggernaut-projected-raise-us45-billion-2026-kpmg?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3335887/hong-kongs-ipo-juggernaut-projected-raise-us45-billion-2026-kpmg?utm_source=rss_feed Wed, 10 Dec 2025 08:30:35 +0000 Julie Zhang Julie Zhang Jingdong Industrials, the supply-chain technology arm of JD.com, aims to raise as much as HK$3.21 billion (US$412 million) through a Hong Kong stock offering, joining a wave of mainland Chinese companies tapping into the city’s buoyant capital market. The company said it would offer 211.21 million shares priced between HK$12.70 and HK$15.50 in its primary offering, with the final offer price to be determined on December 10, according to a filing with the Hong Kong stock exchange on... https://www.scmp.com/business/banking-finance/article/3334984/chinas-jdcom-unit-jingdong-industrials-aims-us412-million-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3334984/chinas-jdcom-unit-jingdong-industrials-aims-us412-million-hong-kong-ipo?utm_source=rss_feed Wed, 03 Dec 2025 02:32:17 +0000 Aileen Chuang Aileen Chuang Crypto exchange operator HashKey Holdings has cleared its Hong Kong listing hearing after an earlier confidential filing, paving the way for a deal that will test investor confidence in the digital asset sector amid evolving regulation. The operator of Hong Kong’s biggest licensed crypto exchange could raise up to US$300 million, a reduction from a previous target of around US$500 million, in a listing this month, according to a source familiar with the matter. HashKey did not disclose the size... https://www.scmp.com/business/banking-finance/article/3334718/hong-kongs-biggest-crypto-exchange-hashkey-wins-listing-nod-test-investor-appetite?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3334718/hong-kongs-biggest-crypto-exchange-hashkey-wins-listing-nod-test-investor-appetite?utm_source=rss_feed Mon, 01 Dec 2025 04:39:42 +0000 Julie Zhang Julie Zhang Mandi, the Alibaba Health-backed consumer healthcare arm being spun off from mainland drug maker 3SBio, filed for an initial public offering in Hong Kong on Friday, betting that its market-leading minoxidil hair-loss products will attract investors. The deal aims to tap into a red-hot Hong Kong market that has seen US$73 billion in equity capital market activity this year, a 232 per cent surge from the same period in 2024, according to data from the London Stock Exchange Group. The company did... https://www.scmp.com/business/banking-finance/article/3333643/3sbio-spin-mandi-banks-hair-loss-and-weight-loss-drugs-hong-kong-ipo-bid?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3333643/3sbio-spin-mandi-banks-hair-loss-and-weight-loss-drugs-hong-kong-ipo-bid?utm_source=rss_feed Fri, 21 Nov 2025 05:37:18 +0000 Julie Zhang Julie Zhang Unitree Robotics, one of China’s leading humanoid robot manufacturers, has completed its pre-initial public offering (IPO) tutoring process in only four months, a major step towards an onshore listing amid Beijing’s push for technological self-reliance and advancement, according to government documents. The Hangzhou-based unicorn passed regulatory checks with the Zhejiang Securities Regulatory Bureau, concluding a pre-listing tutoring period that began on July 18, the China Securities Regulatory... https://www.scmp.com/business/banking-finance/article/3333047/chinas-unitree-robotics-completes-pre-ipo-tutoring-onshore-listing?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3333047/chinas-unitree-robotics-completes-pre-ipo-tutoring-onshore-listing?utm_source=rss_feed Mon, 17 Nov 2025 04:48:47 +0000 Aileen Chuang Aileen Chuang Chinese aluminium smelter Chuangxin Industries Holdings aims to raise as much as HK$5.5 billion (US$707 million) in an initial public offering (IPO) that has already drawn commitments from 18 domestic and international investors, highlighting the strong appetite in Hong Kong’s buoyant fundraising market. Chuangxin planned to offer 500 million shares at HK$10.18 to HK$10.99 each, with 90 per cent allocated to institutional investors and the remainder to retail investors, according to its Hong... https://www.scmp.com/business/banking-finance/article/3332780/chinese-aluminium-smelter-rides-hong-kong-ipo-wave-us707-million-fundraising-drive?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332780/chinese-aluminium-smelter-rides-hong-kong-ipo-wave-us707-million-fundraising-drive?utm_source=rss_feed Fri, 14 Nov 2025 07:05:06 +0000 Enoch Yiu Enoch Yiu Shenzhen Mindray Bio-Medical Electronics, China’s largest medical equipment maker, filed an application to list in Hong Kong on Monday, with brokers expecting the company to raise at least US$1 billion. The Shenzhen-listed company currently has a market capitalisation of 251.63 billion yuan (US$35 billion), making it one of the largest A-share firms to issue shares in Hong Kong. Mindray was seeking a Hong Kong listing “to advance our global strategic layout, establish an international capital... https://www.scmp.com/business/companies/article/3332292/chinas-top-medical-equipment-maker-mindray-could-raise-us1-billion-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/companies/article/3332292/chinas-top-medical-equipment-maker-mindray-could-raise-us1-billion-hong-kong-ipo?utm_source=rss_feed Tue, 11 Nov 2025 04:57:50 +0000 Yulu Ao Yulu Ao Shares of Seres Group fell on their debut in Hong Kong on Wednesday, the first US$1 billion IPO in the city this year not to register gains on the first day of trading. Seven other IPOs, including battery-maker Contemporary Amperex Technology (CATL), which raised US$5.3 billion in May, sizzled on debut. Trading under the stock code 9927, shares of Chongqing-based Seres closed unchanged at HK$131.50, after slumping as much as 10.3 per cent. It first changed hands at HK$128.90, compared with the... https://www.scmp.com/business/china-business/article/3331556/chinese-ev-maker-seres-shares-slump-37-hong-kong-debut?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3331556/chinese-ev-maker-seres-shares-slump-37-hong-kong-debut?utm_source=rss_feed Wed, 05 Nov 2025 02:10:05 +0000 Aileen Chuang Aileen Chuang Four stocks began trading on the Hong Kong stock exchange on Tuesday, marking the busiest debut day on the bourse since July, as a year-long bull run shows no signs of slowing in the world’s favourite destination for initial public offerings (IPOs). Shares of Deepexi Technology, which provides AI applications, more than doubled to HK$66.80 in their trading debut, from their offer price of HK$26.66, making the stock the biggest gainer among the four. Bama Tea’s stock rose 86.7 per cent from its... https://www.scmp.com/business/markets/article/3330546/sany-heavy-cig-deepexi-bama-tea-mark-busiest-trading-debut-day-hkex-july?utm_source=rss_feed https://www.scmp.com/business/markets/article/3330546/sany-heavy-cig-deepexi-bama-tea-mark-busiest-trading-debut-day-hkex-july?utm_source=rss_feed Tue, 28 Oct 2025 01:42:27 +0000 Julie Zhang Julie Zhang Chinese new energy vehicle maker Seres Group, whose suppliers include Huawei Technologies, filed for an initial public offering (IPO) in Hong Kong on Monday, aiming to raise HK$13.18 billion (US$1.7 billion) amid a wave of long-term global capital flocking to Hong Kong listings. The EV maker plans to sell 100.2 million shares through its secondary listing in Hong Kong, with the offer price capped at HK$131.50 per share. The price determination date was expected to be around November 3, according... https://www.scmp.com/business/banking-finance/article/3330427/huawei-powered-chinese-ev-maker-seres-seeks-us17-billion-hong-kong-listing?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3330427/huawei-powered-chinese-ev-maker-seres-seeks-us17-billion-hong-kong-listing?utm_source=rss_feed Mon, 27 Oct 2025 05:15:06 +0000 Julie Zhang Julie Zhang These days Frank Yu, the head of investment banking at Citic Securities International, juggles back-to-back meetings from morning to evening, a sign of bustling activity in Hong Kong’s capital markets. A wave of international capital, from hedge funds to long-only investors from Asia, the US and the Middle East, is flowing into initial public offerings (IPOs) and refinancing deals, drawn by the value and quality of Chinese assets. Hong Kong-headquartered Citic Securities International is a prime... https://www.scmp.com/business/banking-finance/article/3329806/citic-securities-rides-hong-kongs-ipo-wave-sponsoring-dozens-firms-seeking-listings?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329806/citic-securities-rides-hong-kongs-ipo-wave-sponsoring-dozens-firms-seeking-listings?utm_source=rss_feed Wed, 22 Oct 2025 00:30:09 +0000 Julie Zhang Julie Zhang The Hong Kong stock exchange is poised for a blockbuster day next week, as four stocks – including Sany Heavy Industry, China’s largest construction machinery manufacturer – are set to debut, positioning the city to reclaim its status as the world’s top fundraising venue this year. Among the four stocks launching on October 28, Sany Heavy Industry, already listed in Shanghai, aims to raise the highest amount, targeting up to HK$12.36 billion (US$1.59 billion) by offering 580.42 million shares in... https://www.scmp.com/business/banking-finance/article/3329637/hong-kong-set-ipo-flurry-sany-heavy-industry-leading-charge?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329637/hong-kong-set-ipo-flurry-sany-heavy-industry-leading-charge?utm_source=rss_feed Mon, 20 Oct 2025 06:00:15 +0000 Julie Zhang Julie Zhang This is the sixth and final part of the exclusive Capital Connectors series in which influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. If history serves as a guide, Hong Kong’s continued reign as a premier international financial centre depends on a time-tested formula: adapting to meet evolving needs, particularly in response to the development of China’s economy, according to Wang Lei, CEO of Huatai... https://www.scmp.com/business/banking-finance/article/3328550/hong-kongs-financial-future-hinges-adapting-chinas-hi-tech-pivot-huatai-ceo-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328550/hong-kongs-financial-future-hinges-adapting-chinas-hi-tech-pivot-huatai-ceo-says?utm_source=rss_feed Sat, 11 Oct 2025 00:30:08 +0000 Aileen Chuang Aileen Chuang In the Capital Connectors series, exclusive interviews with six influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. Hong Kong has become the fundraising venue of choice for Chinese technology giants, surpassing the US thanks to growing liquidity, market reforms and proximity to their home market, according to a senior banker at Goldman Sachs. With Chinese technology firms being a clear focus of... https://www.scmp.com/business/banking-finance/article/3328382/hong-kong-good-wall-street-chinese-tech-firms-goldman-sachs-banker-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328382/hong-kong-good-wall-street-chinese-tech-firms-goldman-sachs-banker-says?utm_source=rss_feed Fri, 10 Oct 2025 00:30:07 +0000 Julie Zhang Julie Zhang In the Capital Connectors series, exclusive interviews with six influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. When Thai coconut water brand IFBH raised HK$1.16 billion (US$149 million) through a stock offering in Hong Kong in June, Li Chunbo, chairman and CEO of the deal’s sole sponsor Citic Securities International, saw it as more than just another listing from Southeast Asia. The world’s... https://www.scmp.com/business/banking-finance/article/3328010/hong-kong-markets-connector-role-not-just-mainland-china-citic-boss-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328010/hong-kong-markets-connector-role-not-just-mainland-china-citic-boss-says?utm_source=rss_feed Tue, 07 Oct 2025 00:30:08 +0000 Julie Zhang Julie Zhang Three Chinese mainland companies made stellar trading debuts on the Hong Kong stock exchange on Tuesday, burnishing the city’s credentials as the world’s top fundraising market. All three companies’ shares opened higher, with watch designer and manufacturer Shenzhen Hipine Precision leading the surge, opening with a 184 per cent gain from its offer price of HK$29.60. It closed up 258 per cent at HK$106. Trading under the stock code 2259, gold miner Zijin Gold International’s shares opened at... https://www.scmp.com/business/banking-finance/article/3327312/zijin-gold-makes-solid-hong-kong-trading-debut-shares-jump-56?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3327312/zijin-gold-makes-solid-hong-kong-trading-debut-shares-jump-56?utm_source=rss_feed Tue, 30 Sep 2025 02:31:09 +0000 Aileen Chuang Aileen Chuang A recent dual-listing at the Astana International Financial Centre (AIFC) in Kazakhstan has been hailed as an “icebreaker” for Kazakh and Chinese issuers who are showing growing interest in pursuing cross-border equity and debt deals. According to AIFC’s governor Renat Bekturov, the debut of tungsten miner Jiaxin International Resources on both the Hong Kong and Kazakh stock exchanges last month sparked “a lot of interest” from Kazakh and Chinese companies wanting to follow suit. “It was an... https://www.scmp.com/business/banking-finance/article/3326213/kazakh-hong-kong-dual-listing-icebreaker-regional-belt-and-road-businesses?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326213/kazakh-hong-kong-dual-listing-icebreaker-regional-belt-and-road-businesses?utm_source=rss_feed Sun, 21 Sep 2025 01:30:13 +0000 Julie Zhang Julie Zhang Chery Automobile, China’s second-largest carmaker by volume, aims to raise as much as HK$9.14 billion (US$1.2 billion) through a Hong Kong stock offering, joining a wave of mainland companies tapping into strong investor sentiment in the electric vehicle (EV) sector. China’s second-biggest carmaker said it would offer 297.4 million shares priced between HK$27.75 and HK$30.75, with the final offer price to be determined on September 23, according to a filing with the Hong Kong stock exchange on... https://www.scmp.com/business/china-business/article/3325804/chinas-no-2-carmaker-chery-seeks-us12-billion-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3325804/chinas-no-2-carmaker-chery-seeks-us12-billion-hong-kong-ipo?utm_source=rss_feed Wed, 17 Sep 2025 04:02:57 +0000 Julie Zhang Julie Zhang Shares of Hesai Group, the world’s largest supplier of lidar sensors, rose in their Hong Kong debut on Tuesday as investors tapped into the offering amid a slew of blockbuster deals in the city’s listing pipeline. Trading under the code 2525, Hesai’s shares opened at HK$229.20, a premium of 7.7 per cent to the offer price of HK$212.80 per share. The stock climbed as high as HK$244 before closing at HK$234. The company sold 19.55 million shares, including 2.55 million shares through the full... https://www.scmp.com/business/banking-finance/article/3325653/chinas-hesai-rises-hong-kong-share-debut-lidar-sensor-maker-raises-us531-million?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325653/chinas-hesai-rises-hong-kong-share-debut-lidar-sensor-maker-raises-us531-million?utm_source=rss_feed Tue, 16 Sep 2025 01:35:58 +0000