Shares in Zhongji Innolight fell more than nine percent on its Hong Kong debut (Peter PARKS)Shares in Chinese data centre supplier Zhongji InnoLight briefly plunged 10 percent in its Hong Kong debut on Thursday, before paring back most of the losses in the city's biggest public offering for seven years. The leading manufacturer of optical transceivers -- used in AI data centres to transmit vast amounts of digital information -- raised about US$6.8 billion from the listing. The company rejected the US claims in its filing to the Hong Kong stock exchange, saying "we have not engaged in any military-related businesses or activities". - Key supplier -Thursday's listing is the latest in a recent run of blockbuster debuts from Chinese AI-related companies in Hong Kong, indicating optimism for China's ambitions in the sector. "InnoLight is important because large AI clusters depend on moving data between processors as efficiently as they perform computation," Zhao said.