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00:02Chinese artificial intelligence supply chain companies are expected to continue listing in
00:07Hong Kong amid rising valuation concerns and increased scrutiny, according to Reuters.
00:12City's head of China Investment Banking, Simon Yuan, said domestic Chinese and international
00:18demand provide roughly equal support for new listings. However, he warned that volatility
00:23in the US AI sector could affect Hong Kong. Chinese hardware suppliers have benefited from
00:29growing AI infrastructure demand through higher sales volumes and prices. Yuan expects Hong Kong's
00:35equity markets to shift toward AI model and application developers next year. He said
00:39these companies must demonstrate strong growth and profitability. Hong Kong recorded 118 initial
00:45public offerings in the first nine months of the year, raising $49.4 billion, up 106% year over year.
00:52For all things money, visit Benzinga.com.
