Chinese tech firms rush to list in Hong Kong to fund overseas expansion

Chinese tech firms rush to list in Hong Kong to fund overseas expansion

Some of the mainland firms currently looking to list in the city include China Micro Semicon (Shenzhen), Suzhou Dongshan Precision Manufacturing and Mech-Mind Robotics Technologies.

“The Hong Kong market has had a strong rally this year, with international investors chasing mainland technology companies, particularly semiconductor, AI and robotics companies,” said Tom Chan Pak-lam, permanent honorary president of the Institute of Securities Dealers, an industry body for brokers.

“This trend will continue as Hong Kong is an international financial centre and a connector between China and the world,” he said. “It is natural for mainland technology companies to use Hong Kong as a platform to go global.”

As of Friday, some 60 companies had collectively raised US$18.5 billion in Hong Kong, a 158 per cent increase from the previous year.

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