Global Market: Chinese tech firms raise over $27 billion in Hong Kong to fuel AI, chip expansion

Chinese technology firms have raised approximately $27.34 billion through Hong Kong listings and share sales so far this year, with AI startups and semiconductor companies dominating the fundraising wave. Key deals include CATL's HK$39.2 billion share sale, Zhipu AI's HK$31.41 billion offering, and listings by chipmakers such as Shanghai Biren Technology, GigaDevice, and Nexchip Semiconductor. The surge underscores sustained investor appetite for Chinese technology plays despite broader market volatility.