How Tsingtao’s fizzing IPO kickstarted 30 years of Chinese offshore listings
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.