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Business

China bourses behind Asia's lead in global IPO boom

Tencent, Alibaba spinoffs choose Hong Kong over US for listings

Ou Yaping, left, executive director of ZhongAn Online P & C Insurance, rings a ceremonial gong to mark the company's debut on the Hong Kong stock exchange on Sept. 28. (Photo by Shinya Sawai)

HONG KONG -- New listings made a strong comeback this year as the global equity bull run showed no signs of abating. Asia continued to lead in both volume and total funds raised, with the region's two major economies shifting from banks to capital markets for their financing needs.

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