Drinks maker China Resources Beverage's shares ended 15% higher in their Hong Kong debut on Wednesday, giving dealmakers hope that more big-ticket initial public offerings could be on the way. The company sold 347.

Trading under the code 2460, CR Beverage jumped 13.8 per cent to change hands at HK$16.50, from its IPO price of HK$14.50.

Horizon Robotics, a Chinese autonomous driving company, has raised $696m (5bn yuan) through an initial public offering (IPO) in Hong Kong. This makes it Hong Kong’s largest IPO for the year, according to a report by Reuters.

Hong Kong has recorded its busiest week for new IPO launches in almost two years with deals opened to raise up to $1.3 billion, giving bankers and investors confidence the two-year share sale freeze could be easing.

China and Hong Kong stocks opened higher on Wednesday, bolstered by government support for the economy. The CSI300 Index slightly dipped, while the Hang Seng rose. Despite being lower than past highs,

Manulife celebrated the 25th anniversary of its initial public offering (IPO) with a closing gong ceremony at the Hong Kong Exchanges and Clearing Limited (HKEX), recognising the milestone in its long-standing presence in the Hong Kong financial market.

At the set price, the IPO is the largest in Hong Kong in 2024, eclipsing China Resources Beverage which on Friday finalised its $650 million new share sale. It is also the largest tech sector IPO