Chinese stock markets are witnessing a surge in new public offerings, driven by strong investor interest in artificial intelligence, robotics and other advanced technologies, while more companies are choosing to list in Hong Kong and Shanghai, according to the Associated Press (AP).
The latest major listing is expected to come from China-founded e-commerce and fast-fashion company Shein, whose shares are scheduled to debut in Hong Kong on Tuesday. The initial public offering is expected to raise about $1.7 billion, making it one of Hong Kong’s largest listings this year.
