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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

ZhongAn chairman Ou Yaping (centre) and chief executive Jeffrey Chen on Thursday. Mr Chen says: "We've invited partners and many companies that are interested to list in Hong Kong to join the (celebration) party. They became interested after they saw ZhongAn's example,"

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...

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