More insurtech IPOs likely after ZhongAn success
The success of China's online-only insurer ZhongAn's initial public offering in Hong Kong is likely to encourage similar Chinese firms to seek funding in the public market. ZhongAn's share price has risen 52% since its IPO in late September. With the liquidity of the Hong Kong stock exchange a major plus, mainland China's start-ups may look to the exchange when they require funding, according to Nick Yu Fengqi, founder of ZCX Management Consulting. The number of international participants trading in Hong Kong is another draw, Yu said.

The mainland’s first purely online insurance platform is up 52 per cent on its IPO offer price when the shares debuted on September 28