Hong Kong just reminded everyone it’s still very much in the game. Chinese technology companies have raised HK$136.23 billion, roughly $17.38 billion, through IPOs and secondary share sales in the city so far in 2026. The money is flowing toward artificial intelligence, semiconductors, and advanced manufacturing, three sectors that happen to be at the center of the global tech arms race.
The deals driving the boom
The single biggest contributor to this fundraising wave is CATL, the world’s dominant electric vehicle battery manufacturer. The company completed a share sale in April 2026 worth approximately HK$39.2 billion, or about $5 billion. That one deal alone accounts for nearly 29% of the total capital raised by Chinese tech firms in Hong Kong this year.
Then there’s the AI contingent. Zhipu AI, which positions itself as a competitor to OpenAI, launched its shares in January 2026. The company raised about $558 million and achieved a valuation of $6.5 billion at listing.
And the pipeline suggests this is still early innings. More than 300 companies have filed for Hong Kong listings as of early 2026, with additional AI-focused firms like MiniMax reportedly among them.
