China AI supply chain IPOs to hold firm says Citi

Chinese artificial intelligence supply chain listings in Hong Kong are expected to weather valuation concerns supported by balanced domestic and international demand. Citi banker Simon Yuan notes local liquidity and southbound capital provide strong market support.

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FILE PHOTO: An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo

Chinese artificial intelligence supply-chain IPOs are projected to hold their ground despite rising valuation scrutiny, according to Citi's head of China investment banking Simon Yuan.

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