Chinese machinery makers seek $5 billion from Hong Kong listings

Sany Heavy Industry has seen off competition from rival issuer XCMG for its $3.3 billion IPO, while shoemaker Hongguo raises $147 million after pricing its shares at the bottom end.

The decision paints a gloomy picture for XCMG's planned offering of up to $2 billion.

Dr. Wenbin Wang, chairman of ICBC International, discusses three fundamental structural drivers helping drive the stock market's recent revival, including attracting innovative Chinese firms and the rise of dual listings.

The Shanghai-based photonic computing company's blockbuster debut in H1 underscores investor appetite for AI infrastructure while testing both HKEX's Chapter 18C regime and Hong Kong's IPO revival. Ryan Cheng spoke to senior market participants about the deal.

The Chinese construction machinery maker decides not to launch a downsized deal today as planned, even after increasing the bookrunner line-up to 12 banks.

Mainland Chinese firms Guming Holdings and the Mixue Group could be the first of many to seek IPOs in the SAR this year, as PwC predicts $12.8bn of deals in 2024, and KPMG sees a return to the top five global rankings.