Hong Kong IPOs Find Favor Among Foreign Investors

Li Chen
28 Oct, 2025
Hong Kong

China's indexes rested near recent levels, and investors prepared for a flood of earnings releases. 

The Hang Seng Index decreased 0.2%, and the mainland-focused CSI 300 index eased 0.3% as investors awaited the release of quarterly results from banks. 

China's foreign direct investment continued its downward trend, despite a recent rebound amid heightened geopolitical tensions and US-China trade uncertainty.

The leaders of the U.S. and China are set to meet on the sidelines of the APEC meeting, and investors anticipate that the meeting is likely to lower trade tensions between the two nations. 

Over the last decade, China has successfully expanded its exports to the ASEAN region, the European Union, Africa, and South America and reduced its reliance on the U.S. markets.

Moreover, China's advances in renewable energy products, household appliances, and AI-driven electronic devices and robots have helped Chinese companies to open new markets. 

The Trump administration's chaotic trade policy has driven China to seek agricultural products from Peru, Argentina, and Brazil, bypassing wheat, soybean and corn farmers in the U.S. 

 

China Indexes and Stocks 

The Hang Seng Index dropped 0.2% to 26,395.67, and the mainland-focused CSI 300 index fell 0.3% to 4,701.82.  

HSBC Holding plc decreased 0.2% to HK 1,002.20, and the UK-based bank reported a sharp decline in earnings in the third quarter.  

Net income in the third quarter decreased 25% from a year ago to US$ 4.5 billion, or 28 cents per share. 

The company booked US$1.1 billion in charges related to Bernie Madoff's Ponzi scheme. 

Four companies debuted trading on the Hong Kong Stock Exchange, the busiest day in three months, as companies raced to complete public offerings. 

Bama Tea soared nearly 85% to HK $84.55, and the tea leaf products priced their initial public offering at HK $50.0 per share. 

The largest tea company in China, by revenue, sold 9 million shares and raised HK$389.9 million in net proceeds. 

Deepexi Technology Co. Ltd. soared more than 123% to HK $61.90, and the AI-solution provider priced its initial offering at HK $26.66 per share. 

The company sold 26.6 million shares and raised net proceeds of HK $609.8 million. 

CIG Shanghai Co. Ltd. rose 45% to HK $97.50, and the telecom equipment maker priced its offering at HK $68.88 per share. 

The optical and wireless connectivity device maker sold 67 million shares and raised net proceeds of HK $4.48 billion. 

Sany Heavy Industry advanced 3% to HK $21.90, and the equipment maker priced its offering at HK $21.30 per share. 

The world's third-largest construction machinery company sold 631.6 million shares and raised net proceeds of HK $13.3 billion.