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Finance

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.

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