Nearly all offerings in Hong Kong this year have been oversubscribed. Chinese appliance maker Midea in September raised almost US$4 billion in the city's largest listing of the year, while ...

In September, Chinese appliance maker Midea raised nearly US$4 billion in Hong Kong's biggest listing of the year. Xiaocaiyuan was established in 2013 by Wang Shugao, a 52-year-old former chef ...