Key facts
- Lingyi iTech Guangdong has begun accepting investor orders for its Hong Kong listing.
- The company aims to raise up to $1.06 billion through the listing.
- China's top securities regulator will welcome more domestic listings from AI developers and Hong Kong-traded firms to boost onshore capital markets.
Lingyi iTech Guangdong, a company based in China's Guangdong province, has initiated the process of seeking investment orders for its upcoming listing on the Hong Kong Stock Exchange. The company anticipates that this public offering could generate up to $1.06 billion in capital. Concurrently, China's top securities regulator has pledged to welcome more domestic listings from AI developers and Hong Kong-traded firms to bolster onshore capital markets and strengthen the country's financial infrastructure.