Kunlunxin Hong Kong IPO
Baidu's AI chip unit Kunlunxin targets a multi-billion dollar Hong Kong listing as mainland capital floods the market through record Southbound Stock Connect flows.
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- MARKETSouthbound Stock Connect flows hit record US$152bn as mainland capital floods Hong Kong IPOs
Mainland investors poured a record US$152 billion into Hong Kong-listed shares over the past year, with average daily turnover surging 84% to HK$124.1 billion. The influx underscores a revival in the city's primary market and deepening cross-border capital integration.