ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Investors swarm to China fintech as Ant and Lufax debut

Offerings set new records on hopes for further rapid growth

The logo of online financial services platform Lufax is seen spread across the New York Stock Exchange. (Photo courtesy of Lufax)

HONG KONG -- Investors this week showed an insatiable appetite for Chinese financial technology stocks, splurging record amounts of cash on two initial public offerings in Hong Kong and New York, each promising a slice of a fast-growing segment of the world's second-largest economy.

Ant Group, which is wrapping up the world's largest IPO, lured more than $3 trillion worth of retail investor orders between the Shanghai and Hong Kong portions of its offering.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more