Firms have raised US$33.8 billion from new listings in Hong Kong so far this yearZhongji Innolight’s listing is Hong Kong’s largest share sale in 2026 and the city’s biggest since Alibaba Group's secondary listing in 2019. PHOTO: BLOOMBERG[HONG KONG/SINGAPORE] Shares of Zhongji Innolight declined in their Hong Kong debut on Thursday (Jul 30), after the Chinese maker of data centre optical parts raised HK$53.4 billion (US$6.8 billion) in the city’s biggest share sale this year. Hong Kong’s Hang Seng Index was up 0.1 per cent, while the Hang Seng Tech Index was down 0.5 per cent. Zhongji topped the most actively traded stocks by turnover in early trade in Hong Kong, ahead of Tencent and Xiaomi. The listing is Hong Kong’s largest share sale in 2026 and the city’s biggest since Alibaba Group raised US$12.9 billion in a secondary listing in 2019, according to LSEG data.