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Chinese online insurer ZhongAn up 18% in HK debut

It bodes well for expected listings from Alibaba affiliate Ant Financial and peer-to-peer lending platform Lufax

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Published Thu, Sep 28, 2017 · 09:50 PM

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    Hong Kong

    ZHONGAN Online Property & Casualty Insurance Co jumped 18 per cent in its debut on Thursday following the biggest ever IPO by a financial technology firm in Asia, boosting Hong Kong's hopes of luring future Chinese technology startups 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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