HONG KONG: ZhongAn Online Property & Casualty Insurance Co jumped 18% on debut after the biggest ever IPO by a financial technology firm in Asia, boosting Hong Kong’s hopes of luring future Chinese technology start-ups away from New York.
It also bodes well for expected listings from other fintech giants in Hong Kong, including Alibaba affiliate Ant Financial and peer-to-peer lending and wealth management platform Lufax.
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