# Huaqin is the latest mainland-listed firm to tap Hong Kong's stock market with Beijing's backing.

*fintech · news · 2026-04-15 · South China Morning Post*

## Key points

- Huaqin is seeking to raise up to HK$4.55 billion through a Hong Kong share sale.
- The offer price represents a 31.2% discount to Huaqin’s mainland A-share closing price.
- Victory Giant Technology, an Nvidia supplier, is a cornerstone investor in this Hong Kong offering.
- Huaqin led the global market in tablet and smart wearable ODMs in 2024 by shipment volume.
- Huaqin was the world’s second-largest smartphone ODM with a 25.9% market share in 2024.

**Companies:** Huaqin, Victory Giant Technology
**Countries:** China

[Read the full story on South China Morning Post](https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3350132/huaqins-us580-million-hong-kong-share-sale-attracts-jpmorgan-and-ubs)

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