China's onshore technology IPOs are on track for their strongest year since 2023 as Beijing seeks to bolster listings of chip and artificial intelligence companies in a push for tech self-reliance amid the country's rivalry with the U.S.
Technology companies have raised a total of $3.1 billion from stock market listings in China this year to June 18, more than five times the volume in the year-earlier period, according to LSEG data.
