Five Chinese tech firms seek $5.6 bn in Hong Kong listings

Five Chinese technology and advanced manufacturing companies launched Hong Kong share sales on Tuesday, seeking to raise up to HK$44.1 billion ($5.6 billion). Apple supplier Luxshare Precision is leading the offerings with a planned $3.15 billion raise. Hong Kong has raised $22.45 billion through new listings this year, up 57% from a year ago.