Foreign capital allocating Chinese assets is heating up again, rushing to subscribe to Hong Kong-listed technology companies' IPOs.

On February 13, the last trading day before the Spring Festival, the well-known materials technology company Volumetric Materials is about to be officially listed and traded on the Hong Kong Stock Exchange. Among the cornerstone investors of this new stock is the top global quantitative trading company Jump Trading. Earlier, the Hong Kong IPO of Lanqi Technology also attracted many long-term funds from domestic and foreign institutions, including UBS Asset Management, J.P. Morgan Asset Management, and Amundi. "There is now more consensus that there are many 'China for Global' companies in China, especially global leaders in the technology and semiconductor sectors that have been recognized by many international capital. Even though the PE ratio in the Hong Kong stock market is not considered low, investors are optimistic about the long-term growth prospects," said Zhu Zhengqin, Vice Chairman of the Asia-Pacific region of the Global Investment Banking Department of UBS Group, in a recent interview with reporters.