Hong Kong capital raising hits record as AI deal boom drives stock sales

ru.investing.com (Russian) —

Hong Kong stock sales hit a record $47.5 billion in the third quarter, driven by Chinese tech firms raising capital for artificial intelligence development, according to Bloomberg. The total for 2026 has surpassed $92 billion, approaching the annual record of $112.5 billion set in 2021. Major deals included Alibaba's $10.2 billion share sale and Zhongji Innolight's $8 billion listing. The boom reflects growing capital needs among Chinese AI competitors, with similar activity across the Asia-Pacific region. However, investor appetite is becoming selective, as only two of Hong Kong's ten largest deals trade above their offer price.


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Hong Kong capital raising hits record as AI deal boom drives stock sales | News Minimalist