How Tsingtao’s IPO in Hong Kong turned on the tap for 30 years and US$1 trillion of Chinese offshore listings
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Three decades ago today, Tsingtao Brewery handed out glasses of its namesake beer for guests at the Hong Kong stock exchange to celebrate its US$114 million IPO, the very first offshore share sale by a China-domiciled company. Since then, more than 1,400 mainland Chinese companies have raised US$1 trillion in the city.