Falling stock prices, weak trend fail to temper HK listing plans

Despite disappointing market performance and lukewarm investor appetite casting a shadow over the new economy IPO frenzy, a flurry of mainland companies have lost no time in filing their IPO applications in Hong Kong, in their quest to cash in on the city's listing regime reform and raise funds before a potential reversal from peak valuations.

Despite muted demand from retail investors and a sustained stock market downturn, Chinese mainland smartphone maker Xiaomi remains on track to debut in Hong Kong next Monday.

Other deals in the pipeline include those from Tencent-backed online food review and delivery company Meituan-Dianping, online travel agent Tongcheng-eLong, livestreaming app Ingkee, and steel and iron e-commerce Zhaogang.